This page contains bill sponsorships in the Senate and House. Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on.

12-S2230 on Mar 22, 2012

Paying a Fair Share Act of 2012:
• Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax).
• Establishes the amount of such tax as the excess of the tentative fair share tax over the excess of the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year;
• Provides for a phase-in of such tax.
• Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2013.
• Expresses the sense of the Senate that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes.

  Also see the related House of Representatives bill HR3903.

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  Participating counts on VoteMatch question 11. Question 11: Higher taxes on the wealthy Scores: -2=Strongly oppose; -1=Oppose; 0=neutral; 1=Support; 2=Strongly support.
  • Topic: Tax Reform
  • Headline: Sponsored minimum tax rate of 30% for those earning over $1M (Score: 2)
  • Headline 2: Minimum tax rate of 30% for those earning over $1 million (Score: 2)
    
    
  • Key for participation codes:
  • Sponsorships: p=sponsored; o=co-sponsored; s=signed
  • Memberships: c=chair; m=member; e=endorsed; f=profiled; s=scored
  • Resolutions: i=introduced; w=wrote; a=adopted
  • Cases: w=wrote; j=joined; d=dissented; c=concurred
  • Surveys: '+' supports; '-' opposes.
  
  
  

  Democrats participating in 12-S2230
  Daniel Akaka	s2o	HI Democratic Jr Senator (Retiring)	Mar 22, 2012
  Mark Begich	s2o	AK Democratic Jr Senator	Mar 22, 2012
  Richard Blumenthal	s2o	CT Democratic Sr Senator	Mar 22, 2012
  Barbara Boxer	s2o	CA Democratic Jr Senator	Mar 22, 2012
  Richard Durbin	s2o	IL Democratic Sr Senator	Mar 22, 2012
  Al Franken	s2o	MN Democrat/DFL Jr Senator	Mar 22, 2012
  Tom Harkin	s2o	IA Democratic Jr Senator (retiring 2014)	Mar 22, 2012
  Frank Lautenberg	s2o	NJ Democratic Sr Senator (retiring 2014)	Apr 16, 2012
  Patrick Leahy	s2o	VT Democratic Sr Senator	Mar 22, 2012
  Carl Levin	s2o	MI Democratic Sr Senator (retiring 2014)	Mar 22, 2012
  Claire McCaskill	s2o	MO Democratic Sr Senator; previously state Auditor	Apr 18, 2012
  Jeff Merkley	s2o	OR Democratic Jr Senator	Apr 16, 2012
  Jack Reed	s2o	RI Democratic Sr Senator	Mar 22, 2012
  John Rockefeller	s2o	WV Democratic Sr Senator (retiring 2014)	Mar 22, 2012
  Charles Schumer	s2o	NY Democratic Sr Senator	Mar 22, 2012
  Sheldon Whitehouse	s1p	RI Democratic Jr Senator, previously attorney general

  
  
  

  Republicans participating in 12-S2230

  
  
  

  Independents participating in 12-S2230
  Bernie Sanders	s2o	Vermont Independent	Mar 22, 2012

  
  
  

  Total recorded by OnTheIssues:

  Democrats: 16 Republicans: 0 Independents: 1