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S Amdt 538 - Tax Credit Substitute Amendment - National Key Vote

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Title: Tax Credit Substitute Amendment

Vote Smart's Synopsis:

Vote to pass a motion to waive the Budget Act for an amendment to HR 1 that replaces everything in the bill with a tax rebate for Americans filing tax returns.

Highlights:

  • Grants all taxpayers earning less than $250,000 per year a tax credit of $5,143, or $10,286 if filing jointly (Sec. 2).

NOTE: A MOTION TO WAIVE THE BUDGET ACT, IF ADOPTED, TEMPORARILY SETS ASIDE A SPECIFIC PROVISION OF THE BUDGET ACT OF 1974 SO THAT AN AMENDMENT THAT VIOLATES THE ACT MAY BE CONSIDERED. A 3/5 MAJORITY IS REQUIRED FOR ADOPTION.

Full Bill Text

NOTE: THIS IS AN AMENDMENT TO A SUBSTITUTE AMENDMENT. A SUBSTITUTE AMENDMENT REPLACES THE ENTIRE TEXT OF A PIECE OF LEGISLATION WITH A NEW TEXT.

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