[Congressional Record Volume 143, Number 59 (Thursday, May 8, 1997)]
[Extensions of Remarks]
[Page E873]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

[[Page E873]]

    LEGISLATION TO MAKE THE IRC SECTION 911 EXCLUSION MORE EQUITABLE

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                            HON. BILL ARCHER

                                of texas

                    in the house of representatives

                         Thursday, May 8, 1997

  Mr. ARCHER. Mr. Speaker, today I am introducing legislation to 
correct one of the more misguided provisions of the 1986 Tax Reform 
Act.
  Section 911 was added to the Tax Code to help U.S. businesses 
increase their exports of goods and services. These increased exports 
in turn helped to create jobs in the United States.
  Unfortunately, section 911 has been viewed more as a source of 
increased revenues than increasing U.S. jobs. Because of this misguided 
philosophy, the Tax Reform Act of 1986 froze the section 911 earned 
income exclusion at $70,000. Thus, since 1986 the section 911 exclusion 
has not kept pace with inflation or other cost-of-living increases.
  The legislation I am introducing today will correct the current 
inequities facing section 911 and allow the section 911 exclusion to 
reflect cost-of-living increases since 1986.
  I hope Members on both sides of the aisle will join me and support 
this long-needed legislation.

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