3.0.0 1944 2019-02-20T23:23:32Z 2023-01-10T03:55:26Z Senate S S 2011-12-05 112 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 Middle Class Tax Cut Act of 2011 112 1917 S 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. Related bill CRS Temporary Tax Holiday and Government Reduction Act 112 1931 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. 22 - 76. Record Vote Number: 225. (consideration: CR S8445) Related bill CRS 2011-12-08 Senate 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) Floor 224 https://www.senate.gov/legislative/LIS/roll_call_votes/vote1121/vote_112_1_00224.xml Senate 112 2011-12-08T19:30:46Z 1 2011-12-08 Senate Cloture motion on the motion to proceed withdrawn by unanimous consent in Senate. (consideration: CR S8444) Floor 2011-12-08 Senate Motion to proceed to measure considered in Senate. (consideration: CR S8429-8445) Floor 2011-12-07 Senate Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S8383-8384; text: CR S8383-8384) Floor 2011-12-07 Senate Motion to proceed to consideration of measure made in Senate. (consideration: CR S8383-8384) Floor 2011-12-06 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 251. Calendars 2011-12-05 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2011-12-05 Sponsor introductory remarks on measure. (CR S8185-8186) IntroReferral B00100 9 Library of Congress 2011-12-05 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. 2011-12-06 False S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2011-12-06 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2011-12-06 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2011-12-07 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2011-12-07 False Taxation Employment taxes Food assistance and relief Government corporations and government-sponsored enterprises Housing finance and home ownership Income tax rates Inflation and prices Sales and excise taxes Securities Social security and elderly assistance Unemployment User charges and fees Taxation 00 2011-12-05 Introduced in Senate 2011-12-12T14:58:12Z Middle Class Tax Cut Act of 2011 - Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to extend through 2012 the reduction in employment taxes for employees and the self-employed. Increases such reduction from 2% to 3.1%

Amends the Internal Revenue Code to impose on individual taxpayers between 2012 and 2022 an additional tax equal to 1.9% of so much of their modified adjusted gross income in excess of $1 million. Provides for an inflation adjustment to the $1 million threshold amount for taxable years beginning after 2013. Defines "modified adjusted gross income" as adjusted gross income reduced by any deduction allowed for investment interest.

Imposes a 50% tax (55% for a taxable year beginning in 2011 or 2012) on any unemployment compensation received by a taxpayer with an adjusted gross income of at least $1 million. Denies a tax deduction for the payment of such tax.

Amends the Food and Nutrition Act of 2008 to render ineligible for the supplemental nutrition assistance program (SNAP), formerly food stamps, any household in which a member receives income or assets with a fair market value of at least $1 million.

Amends the Housing and Community Development Act of 1992 to require until October 1, 2021, a phased increase in the fees charged to mortgage lenders by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to guarantee payment of new mortgage loans.

]]> Middle Class Tax Cut Act of 2011 Short Titles as Introduced Middle Class Tax Cut Act of 2011 Display Title 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. Placed on Calendar Senate 2011-12-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1944pcs/xml/BILLS-112s1944pcs.xml 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) 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.