3.0.0 2380 2023-01-11T13:19:14Z 2023-01-11T13:19:14Z House H HR 2009-05-13 111 hsru00 Rules Committee House Standing Referred to 2009-05-13T14:01:44Z hswm00 Ways and Means Committee House Standing Referred to 2009-05-13T14:01:43Z 2009-05-13 Referred to House Rules IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2009-05-13 Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, 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. IntroReferral H11100-A 9 Library of Congress 2009-05-13 Referred to House Ways and Means IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-05-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-05-13 Introduced in House IntroReferral 1000 9 Library of Congress I000023 Rep. Inglis, Bob [R-SC-4] BOB INGLIS R SC 4 N L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2009-05-13 True F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 2009-05-13 True Taxation Coal Employment taxes Government trust funds Inflation and prices Legislative rules and procedure Medicare Oil and gas Pollution liability Sales and excise taxes Social security and elderly assistance Taxation 00 2009-05-13 Introduced in House 2009-05-22T19:19:44Z Raise Wages, Cut Carbon Act of 2009 - Amends the Internal Revenue Code to impose an environmental tax on: (1) any taxable carbon substance (i.e., coal, including lignite and peat, petroleum and any petroleum product, and natural gas that is extracted, manufactured, or produced in, or imported into, the United States); and (2) imported taxable products that account for a specified level of carbon substances used in the United States. Sets the amount of the tax at $15.00 per ton in 2010, and increases and adjusts for inflation such amount each year until the tax is $100 in 2040 and in subsequent years.

Provides for a reduction in social security taxes by an amount determined by the Secretary of the Treasury to reflect the amount of revenues generated by the taxes imposed by this Act. Appropriates net revenues from such taxes to the social security trust funds.

Requires a two-thirds vote of the House of Representatives or the Senate to increase the amount of the tax on taxable carbon substance or imported products beyond the amount required to compensate for the aggregate reduction in revenues resulting from the lower rates of social security taxes provided by this Act (i.e., revenue neutrality).

]]> Raise Wages, Cut Carbon Act of 2009 Display Title Raise Wages, Cut Carbon Act of 2009 Official Title as Introduced To amend the Internal Revenue Code of 1986 to reduce social security payroll taxes and to reduce the reliance of the United States economy on carbon-based energy sources. Introduced in House IH Short Titles as Introduced Raise Wages, Cut Carbon Act of 2009 Introduced in House 2009-05-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2380ih/xml/BILLS-111hr2380ih.xml 2009-05-13 Referred to House Rules text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.