3.0.0 1917 2019-02-20T23:23:03Z 2019-02-23T22:34:25Z Senate S S 2011-11-28 112 American Jobs Act of 2011 112 12 HR 2011-10-21 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. Related bill CRS Tax Cuts for the Middle Class Act 112 3746 HR 2011-12-20 Referred to the House Committee on Ways and Means. Related bill CRS American Jobs Act of 2011 112 1549 S 2011-09-14 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 165. Related bill CRS American Jobs Act of 2011 112 1660 S 2011-10-11 Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the bill made in Senate. (consideration: CR S6383) Related bill CRS Middle Class Tax Cut Act of 2011 112 1944 S 2011-12-08 Motion to proceed to consideration of measure, under the order of 12/8/2011, not having achieved the required 60 votes in the affirmative, was rejected in Senate by Yea-Nay Vote. 50 - 48. Record Vote Number: 224. (consideration: CR S8445) Related bill CRS 2011-12-01 Senate Motion to proceed to consideration of measure, under the order of 12/1/2011, not having achieved the required 60 votes in the affirmative, was rejected in Senate by Yea-Nay. 51 - 49. Record Vote Number: 219. Floor 219 https://www.senate.gov/legislative/LIS/roll_call_votes/vote1121/vote_112_1_00219.xml Senate 112 2011-12-02T01:40:29Z 1 2011-12-01 Senate Motion to proceed to measure considered in Senate. (consideration: CR S8138-8139) Floor 2011-12-01 Senate Cloture motion on the motion to proceed to the measure withdrawn by unanimous consent in Senate. Floor 2011-11-30 Senate Motion to proceed to consideration of measure withdrawn in Senate. (consideration: CR S8011) Floor 2011-11-30 Senate Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S8011; text: CR S8011) Floor 2011-11-30 Senate Motion to proceed to consideration of measure made in Senate. (consideration: CR S8011-8012) Floor 2011-11-29 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 238. Calendars 2011-11-28 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2011-11-28 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2011-11-28 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2011-11-28 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2011-11-28 True R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. 2011-11-28 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2011-11-28 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2011-11-29 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2011-11-29 False L000123 Sen. Lautenberg, Frank R. [D-NJ] FRANK LAUTENBERG D NJ R. 2011-11-29 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2011-11-29 False W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2011-11-29 False J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2011-12-01 False Taxation Employment taxes Government trust funds Income tax credits Income tax deductions Income tax rates Inflation and prices Self-employed Social security and elderly assistance Wages and earnings Taxation 00 2011-11-28 Introduced in Senate 2011-12-01T19:47:25Z Middle Class Tax Cut Act of 2011 - Reduces employment tax rates in calendar year 2012 (payroll tax holiday period) for both employers and employees to 3.1%.  Limits the reduction for employers to the first $5 million of wages paid by the employer in 2012.

Reduces the tax rate on the first $5 million of net earning of a self-employed taxpayer.

Allows nongovernmental employers a tax credit for payroll increases in the last quarter of 2011 and in 2012.

Appropriates funds to the social security trust funds to compensate for any revenue loss to such funds from the reduction in rates and the tax credit allowed by this Act.

Amends the Internal Revenue Code to impose on individual taxpayers in taxable years beginning after 2012 an additional tax equal to 3.25% of so much of their modified adjusted gross income as exceeds $1 million.  Defines "modified adjusted gross income" as adjusted gross income reduced by any deduction allowed for investment interest.  Provides for an inflation adjustment to the $1 million threshold amount for taxable years beginning after 2013.

]]> Middle Class Tax Cut Act of 2011 Short Titles as Introduced Middle Class Tax Cut Act of 2011 Official Title as Introduced A bill to create jobs by providing payroll tax relief for middle class families and businesses, and for other purposes. Display Title Middle Class Tax Cut Act of 2011 Placed on Calendar Senate 2011-11-29T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1917pcs/xml/BILLS-112s1917pcs.xml 2011-12-01 Motion to proceed to consideration of measure, under the order of 12/1/2011, not having achieved the required 60 votes in the affirmative, was rejected in Senate by Yea-Nay. 51 - 49. Record Vote Number: 219. 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.