H.R. 7309 · 110th Congress
To amend the Internal Revenue Code of 1986 to suspend employment and income taxes for the first two months of…
Full title
To amend the Internal Revenue Code of 1986 to suspend employment and income taxes for the first two months of 2009, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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GohmertSponsor37 cosponsors · 37 R
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Akin
DB
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Burton
MB
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Blackburn
MB
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Bachmann
JC
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Carter
TD
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Drake
TF
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Franks
SG
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Garrett
SM
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Myrick
TM
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McCotter
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Mack
PM
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McHenry
CM
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McMorris Rodgers
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Paul
MP
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Pence
TP
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Price
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Sessions
JS
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Shadegg
BS
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Sali
LW
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Westmoreland
RB
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Bartlett
JG
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Gresham Barrett
PB
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Broun
JC
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Culberson
JF
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Flake
TF
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Feeney
PG
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Gingrey
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Hall
DI
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Issa
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Johnson
JK
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Kline
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Linder
DL
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Lamborn
RN
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Neugebauer
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Pitts
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Poe
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Young20 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to: (1) reduce to 0% the employment tax on employers, employees, and self-employed individuals during the first two months of 2009; and (2) exclude from gross income any wage and self-employment income earned during the first two months of 2009.
What it does: CRS summary · Introduced in House · Dec 9, 2008
Amends the Internal Revenue Code to: (1) reduce to 0% the employment tax on employers, employees, and self-employed individuals during the first two months of 2009; and (2) exclude from gross income any wage and self-employment income earned during the first two months of 2009.
Amends the Emergency Economic Stabilization Act of 2008 to repeal procedures for authorizing the Secretary of the Treasury to obligate additional amounts under the Troubled Asset Relief Program (TARP).
Requires the Secretary to: (1) estimate the impact of this Act on the income and balances of the social security trust funds; and (2) transfer amounts from the Treasury to such trust funds if there is any reduction in the income and balances of such trust funds resulting from this Act.
Terminates the authority of the Secretary under the Emergency Economic Stabilization Act of 2008 to purchase troubled assets or any preferred or other stock or equity in any financial institution.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to suspend employment and income taxes for the first two months of 2009, and for other purposes.
Latest action (Dec 9, 2008): Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Policy area: Taxation · Origin: House · Introduced: Dec 9, 2008
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.