[House Report 105-744]
[From the U.S. Government Publishing Office]
105th Congress Report
HOUSE OF REPRESENTATIVES
2d Session 105-744
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PROVIDING FOR THE CONSIDERATION OF H.R. 4578, THE PROTECT SOCIAL
SECURITY ACCOUNT, AND H.R. 4579, THE TAXPAYER RELIEF ACT OF 1998
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September 24, 1998.--Referred to the House Calendar and ordered to be
printed
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Mr. Solomon, from the Committee on Rules, submitted the following
R E P O R T
[To accompany H. Res. 552]
The Committee on Rules, having had under consideration
House Resolution 552, by a non-record vote, report the same to
the House with the recommendation that the resolution be
adopted.
brief summary of provisions of resolution
The resolution provides for the consideration of H.R. 4578,
the ``Protect Social Security Account'' in the House without
intervention of any point of order. The rule provides that the
bill be considered as read and that the Committee on Ways and
Means amendment in the nature of a substitute now printed in
the bill shall be considered as adopted.
The rule provides for one hour of debate equally divided
and controlled by the chairman and ranking minority member of
the Committee on Ways and Means.
The rule provides for consideration, without intervention
of any point of order, of an amendment printed in the
Congressional Record and numbered 1, if offered by
Representative Rangel or his designee, which shall be
considered as read and shall be debatable for one hour equally
divided and controlled by the proponent and an opponent. In
addition, the rule provides one motion to recommit with or
without instructions.
After disposition of H.R. 4578, the rule then provides for
consideration of H.R. 4579, the ``Taxpayer Relief Act of
1998'', without intervention of any point of order. The rule
provides that the bill be considered as read and that the
Committee on Ways and Means amendment in the nature of a
substitute now printed in the bill, as modified by the
amendment printed in this report, shall be considered as
adopted.
The rule provides for one hour of debate equally divided
and controlled by the chairman and ranking minority member of
the Committee on Ways and Means. The rule further provides for
consideration, without intervention of any point of order, of
an amendment printed in the Congressional Record and numbered
1, if offered by Representative Rangel or his designee, which
shall be considered as read and shall be debatable for one hour
equally divided and controlled by the proponent and an
opponent. Also, the rule provides one motion to recommit with
or without instructions.
Finally, the rule provides that in the engrossment of H.R.
4579, the Clerk shall add the text of H.R. 4578, as passed by
the House, and that upon the addition of the text, H.R. 4578
shall be laid on the table.
committee votes
Pursuant to clause 2(l)(2)(B) of the House rule XI the
results of each rollcall vote on an amendment or motion to
report, together with the names of those voting for and
against, are printed below:
Rules Committee Rollcall No. 103
Date: September 24, 1998.
Measure: H.R. 4578, the Protect Social Security Account,
and H.R. 4579, the Taxpayer Relief Act of 1998.
Motion By: Mr. Moakley.
Summary of Motion: Make in order an amendment in the nature
of a substitute by Representative Stenholm to H.R. 4579 which
would make certain tax cuts contingent on an on-budget surplus
(excluding the Social Security Trust Funds surplus).
Vote by Member: Dreier--nay; Diaz-Balart--nay; McInnis--
nay; Hastings--nay; Myrick--nay; Moakley--yea; Frost--yea;
Solomon--nay.
summary of amendments made in order under the rule for H.R. 4578, the
``protect social security account'' and H.R. 4579, ``the taxpayer
relief act of 1998''
Amendment No. 1, printed in the Congressional Record, to H.R. 4578, the
protect Social Security account
Rangel--60 minutes: Amendment in the nature of a
substitute. Transfers 100 percent of the Social Security Trust
Fund surplus to the Federal Reserve Bank of New York to be held
in trust for the Social Security system. Under the substitute,
the Congress would have to default on publicly traded debt
obligations before it could default on its obligations to the
Social Security system.
Amendments to be considered as adopted to H.R. 4579, the Taxpayer
Relief Act of 1998
Archer: Directs the Treasury Department to conduct a
comprehensive study of recovery periods and depreciation
methods under section 168 of the Code for purposes of the
deduction for depreciation and to provide recommendations as to
the determination of such periods and methods in a more
rational manner.
Kasich: Waives PAYGO requirements with respect to the bill
making the revenue loss not counted under PAYGO.
Amendment No. 1, Printed in the Congressional Record, to H.R. 4579, the
Taxpayer Relief Act of 1998
Rangel--60 minutes: An amendment in the nature of a
substitute. Contains all of the tax cuts that are in the
committee reported bill, but the substitute contains a trigger
mechanism under which most of the tax cuts would not take
effect until Congress enacts legislation to ensure the long-
term solvency of the Social Security system. The trigger
provision would not apply to the extension of the expiring
provisions; the increase in the earnings limitation on Social
Security benefits, both of which are financed separately; and
time-sensitive, revenue-neutral provisions. Those provisions
would take effect immediately.
Amendments to be Considered as adopted to H.R. 4579;
At the end of section 201, insert the following new
subsection:
(c) Study.--The Secretary of the Treasury (or the
Secretary's delegate)--
(1) shall conduct a comprehensive study of the
recovery periods and depreciation methods under section
168 of the Internal Revenue Code of 1986, and
(2) shall submit the results of such study, together
with recommendations for determining such periods and
methods in a more rational manner, to the Committee on
Ways and Means of the House of Representatives and the
Committee on Finance of the Senate.
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At the appropriate place add the following new section:
SEC. . EXCLUSION OF EFFECTS OF THIS ACT FROM PAYGO SCORECARD.
Upon the enactment of this Act, the Director of the Office
of Management and Budget shall not make any estimates of
changes in receipts under section 252(d) of the Balanced Budget
and Emergency Deficit Control Act of 1985 resulting from the
enactment of this Act.