H.R. 4181 - To amend the Internal Revenue Code of 1986 to permanently extend the increased standard deduction, and the 15-percent individual income tax rate bracket expansion, for married taxpayers filing joint returns

COMMITTEE ACTION: REPORTED BY VOICE VOTE on Tuesday, April 27, 2004.
FLOOR ACTION:ADOPTED BY VOICE VOTE on Wednesday, April 28, 2004.
MANAGERS: MYRICK/MCGOVERN
108th Congress
2nd Session

H.R. 4181 - To amend the Internal Revenue Code of 1986 to permanently extend the increased standard deduction, and the 15-percent individual income tax rate bracket expansion, for married taxpayers filing joint returns

1. Modified closed rule.

2. Provides one hour of debate in the House equally divided and controlled by the chairman and ranking minority member of the Committee on Ways and Means.

3. Provides that the amendment printed in part A of the Rules Committee report accompanying the resolution shall be considered as adopted, and that the bill shall be considered as read.

4. Provides for consideration of the amendment printed in part B of the Rules Committee report accompanying the resolution, if offered by Representative Rangel of New York or his designee, which shall be considered as read, and shall be separately debatable for one hour equally divided and controlled by the proponent and an opponent.

5. Waives all points of order against the amendment printed in part B of the report.

6. Provides one motion to recommit with or without instructions.

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RESOLUTION

Resolved, That upon the adoption of this resolution it shall be in order to consider in the House the bill (H.R. 4181) to amend the Internal Revenue Code of 1986 to permanently extend the increased standard deduction, and the 15-percent individual income tax rate bracket expansion, for married taxpayers filing joint returns. The bill shall be considered as read for amendment. The amendment printed in part A of the report of the Committee on Rules accompanying this resolution shall be considered as adopted. The previous question shall be considered as ordered on the bill, as amended, and on any further amendment thereto to final passage without intervening motion except: (1) one hour of debate on the bill, as amended, equally divided and controlled by the chairman and ranking minority member of the Committee on Ways and Means; (2) the further amendment printed in part B of the report of the Committee on Rules, if offered by Representative Rangel of New York or his designee, which shall be in order without intervention of any point of order, shall be considered as read, and shall be separately debatable for one hour equally divided and controlled by the proponent and an opponent; and (3) one motion to recommit with or without instructions.


PART-A
SUMMARY OF AMENDMENT TO BE CONSIDERED AS ADOPTED

Makes permanent the Economic Growth and Tax Relief Reconciliation Act of 2001 increase in the phase out of the earned income credit for joint filers, in addition to making permanent the increased standard deduction and the broader 15% bracket for joint filers. Under current law, the phase out range for joint filers will increase by $2,000 in 2005, 2006 and 2007 and to $3,000 for tax years after 2007. The earned income credit phase out will sunset under the 2001 act in 2010.


PART-B
SUMMARY OF AMENDMENT MADE IN ORDER

(summaries derived from information provided by sponsors)

Rangel #1
Amendment in the Nature of a Substitute.
Makes permanent the marriage penalty provisions related to the standard deduction and 15% bracket. Accelerates and makes permanent marriage penalty relief for low-income working families receiving the benefits of the earned income tax credit. Contains provisions to ensure that the minimum tax will not deny any of the promised benefits. Its cost would be offset by eliminating some of the recent tax cuts enjoyed by families with incomes over $1 million.


TEXT OF THE AMENDMENT(.pdf)

PART A

PART B