Inflation And Prices
US Congress 115th Congress
Earned Income Tax Credit Improvement and Simplification Act 2017 [HB-822]
[Taxes ]
[Budget and Spending ]
[Poverty ]
Earned Income Tax Credit Improvement and Simplification Act 2017 This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to: (1) allow the credit for an individual who has no qualifying children, has attained the age of 21 but not 25, and is not a full-time student; (2) increase the credit rate and amount for individuals with no qualifying children; (3) allow the credit for an individual whose qualifying children do not have valid Social Security numbers; (4) revise eligibility rules relating to married individuals
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Sponsored by: Rep. Janice D. Schakowsky
Introduced In House on 02/02/2017
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Family Care Savings Act [HB-782]
[Family-Related Legislation ]
[Taxes ]
[Healthcare ]
Family Care Savings Act This bill amends the Internal Revenue Code to increase the amount of the tax exclusion for employer-provided dependent care assistance to $10,000 in a taxable year and to provide for an inflation adjustment to such increased amount after 2017.
Sponsored by: Rep. Barbara Comstock
Introduced In House on 02/01/2017
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US Congress 115th Congress
FAIR Act Federal Adjustment of Income Rates Act of 2017 [S.255]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Veterans ]
FAIR Act Federal Adjustment of Income Rates Act of 2017 Federal Adjustment of Income Rates Act of 2017 or the FAIR Act This bill increases by 3.2% in FY2018 the rate of basic pay for federal employees under the statutory pay systems (relating to the General Schedule, the U.S. Foreign Service, and the Veterans Health Administration) and for prevailing rate employees.
Sponsored by: Sen. Mark R. Warner
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 02/01/2017
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US Congress 115th Congress
Medicare Drug Savings Act of 2017 [S.252]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
Medicare Drug Savings Act of 2017 This bill requires drug manufacturers to issue rebates to the Centers for Medicare & Medicaid Services (CMS) for prescription drugs dispensed to eligible low-income individuals under the Medicare prescription drug benefit or a Medicare Advantage (MA) prescription drug plan (PDP). Subject to civil monetary penalties, a Medicare or MA PDP sponsor must report, both to drug manufacturers and to the CMS, specified information related to the determination and payment of such rebates.
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 02/01/2017
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US Congress 115th Congress
To amend the Internal Revenue Code of 1986 to inflation adjust the $5,000 limitation with respect to dependent care assistance programs and flexible spending arrangements. [HB-775]
[Taxes ]
[Inflation ]
[Budget and Spending ]
[Children and Youth ]
To amend the Internal Revenue Code of 1986 to inflation adjust the $5,000 limitation with respect to dependent care assistance programs and flexible spending arrangements. This bill amends the Internal Revenue Code to provide for an annual adjustment for inflation in taxable years beginning after 2017 to the $5,000 exclusion from the gross income of employees who receive employer-provided dependent care assistance.
Sponsored by: Rep. John R. Moolenaar
Introduced In House on 01/31/2017
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US Congress 115th Congress
Tobacco Excise Tax and Parity Act of 2017 [HB-729]
[Taxes ]
[Crime ]
[Public Health ]
[Native American Affairs ]
[Consumer Protection ]
Tobacco Excise Tax and Parity Act of 2017 This bill amends the Internal Revenue Code, with respect to the taxation of tobacco products, to: increase or equalize excise taxes on small cigars, cigarettes, pipe tobacco, roll-your-own tobacco, large cigars, and smokeless tobacco; impose an excise tax on smokeless tobacco sold in discrete single-use units; tax other tobacco products at a level equivalent to the tax rate for cigarettes on an estimated per use basis; provide for annual inflation adjustments for excise tax rates on cigarettes and tobacco
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Sponsored by: Rep. Brenda L. Lawrence
Introduced In House on 01/30/2017
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US Congress 115th Congress
Death Tax Repeal Act of 2017 [HB-631]
[Taxes ]
Death Tax Repeal Act of 2017 This bill amends the Internal Revenue Code to: (1) repeal the estate and generation-skipping transfer taxes, and (2) make permanent the maximum 35% gift tax rate and the lifetime gift tax exemption. The bill provides for an inflation adjustment to such exemption amount.
Sponsored by: Rep. Steve Russell
Introduced In House on 01/24/2017
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US Congress 115th Congress
No Pay Raise for Congress Act [HB-646]
[Budget and Spending ]
[Taxes ]
No Pay Raise for Congress Act This bill amends the Legislative Reorganization Act of 1946 to provide that pay for Members of Congress may not be increased by any adjustment scheduled to take effect in a calendar year if the Congressional Budget Office determines that the federal aggregate outlays during the last completed fiscal year exceeded the federal aggregate receipts during such fiscal year.
Sponsored by: Rep. Todd Rokita
Introduced In House on 01/24/2017
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US Congress 115th Congress
Government By the People Act of 2017 [HB-20]
[Elections ]
[Finance ]
[Taxes ]
[Media and Advertising ]
[Technology and Innovation ]
[Funding ]
[Ethics ]
Government By the People Act of 2017 This bill amends the Internal Revenue Code and the Federal Election Campaign Act of 1971 (FECA) to establish a program for small individual donations to campaigns for public office and make other changes to campaign finance law. The bill amends the Internal Revenue Code to allow: (1) individual taxpayers a refundable tax credit of 50% of qualified congressional House campaign contributions (i.e., cash contributions by an individual to a candidate for the House of Representatives or a political committee established
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Sponsored by: Rep. Sean Patrick Maloney
Introduced In House on 01/24/2017
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US Congress 115th Congress
PACE Act Promoting Affordable Childcare for Everyone Act [S.208]
[Taxes ]
[Family-Related Legislation ]
[Children and Youth ]
[Inflation ]
PACE Act Promoting Affordable Childcare for Everyone Act This bill amends the Internal Revenue Code, with respect to the tax credit for expenses for household and dependent care services necessary for gainful employment (known as the Child and Dependent Care Tax Credit), to: (1) make the credit refundable, (2) increase the rate for the credit, and (3) require the dollar amounts for such credit to be adjusted for inflation after 2017. The bill also increases the amount of employer-provided dependent care assistance which may be excluded from the
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Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Finance. on 01/24/2017
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US Congress 115th Congress
Death Tax Repeal Act of 2017 [S.205]
[Taxes ]
Death Tax Repeal Act of 2017 7 This bill amends the Internal Revenue Code to: (1) repeal the estate and generation-skipping transfer taxes, and (2) make permanent the maximum 35% gift tax rate and the lifetime gift tax exemption. The bill also provides for an inflation adjustment to such exemption amount.
Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Finance. on 01/24/2017
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US Congress 115th Congress
To eliminate automatic pay adjustments for Members of Congress, and for other purposes. [HB-668]
[Budget and Spending ]
[Ethics ]
[Labor, Jobs, Employment ]
To eliminate automatic pay adjustments for Members of Congress, and for other purposes. This bill amends the Legislative Reorganization Act of 1946 to eliminate automatic pay adjustments for Members of Congress.
Sponsored by: Rep. Robert J. Wittman
Introduced In House on 01/24/2017
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US Congress 115th Congress
Empowering Parents to Invest in Choice Act of 2017 [HB-675]
[Education ]
[Taxes ]
[Children and Youth ]
Empowering Parents to Invest in Choice Act of 2017 This bill amends the Internal Revenue Code to allow the payment of qualified elementary and secondary education expenses from a tax-exempt qualified tuition program (known as a 529 plan). (Currently, such plans only pay qualified higher education expenses.) Included as qualified elementary and secondary education expenses are expenses for: (1) tuition, fees, academic tutoring, special needs services, books, and supplies; (2) room and board, uniforms, transportation, and supplementary items and services;
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Sponsored by: Rep. Andy Harris
Introduced In House on 01/24/2017
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Patient Freedom Act of 2017 [S.191]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Insurance ]
[Public Health ]
Patient Freedom Act of 2017 This bill provides states with three options regarding title I (provisions on health insurance reform, exchanges, and subsidies) of the Patient Protection and Affordable Care Act (PPACA): (1) continue implementing PPACA, with a limit on total premium and cost sharing subsidies provided in the state; (2) waive the requirements of title I of PPACA, with specified exceptions; or (3) the second option plus implementation of a Roth health savings account (HSA) deposit system. Only residents of states continuing to implement
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Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S400-402) on 01/23/2017
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US Congress 115th Congress
Obamacare Regressive Tax Relief Act [HB-562]
[Healthcare ]
[Taxes ]
[Medicare and Medicaid ]
Obamacare Regressive Tax Relief Act This bill amends the Internal Revenue Code to reduce the penalties for individuals who fail to maintain the minimum essential health insurance coverage required by the Patient Protection and Affordable Care Act.
Sponsored by: Rep. Luke Messer
Introduced In House on 01/13/2017
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US Congress 115th Congress
529 and ABLE Account Improvement Act of 2017 [HB-529]
[Taxes ]
[Education ]
[Disabilities ]
[Small Business ]
[Student Loans ]
[Children and Youth ]
529 and ABLE Account Improvement Act of 2017 This bill amends the Internal Revenue Code to modify the tax treatment of qualified tuition programs (known as 529 plans) and ABLE accounts. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.) The bill excludes from gross income a fringe benefit consisting of up to $100 per year (adjusted for inflation after 2017) of employer contributions to an employee's 529 or ABLE account. The employer
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Sponsored by: Rep. Robert J. Wittman
Introduced In House on 01/13/2017
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US Congress 115th Congress
American Future Healthcare Act of 2017 [HB-408]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Insurance ]
American Future Healthcare Act of 2017 This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan; increase the maximum HSA contribution level; allow Medicare eligible individuals to contribute to an HSA; allow HSAs to be used to purchase health insurance; provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions);
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Sponsored by: Rep. Robert J. Wittman
Introduced In House on 01/10/2017
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Working Parents Tax Relief Act [HB-386]
[Taxes ]
[Family-Related Legislation ]
[Budget and Spending ]
[Children and Youth ]
Working Parents Tax Relief Act This bill amends the Internal Revenue Code to: (1) increase from $5,000 to $7,500 (adjusted for inflation after 2017) the amount of employer-provided dependent care assistance that an employee may exclude from gross income, and (2) permit unused dependent care benefits in cafeteria plans and flexible spending arrangements to be carried forward to the succeeding plan year.
Sponsored by: Rep. F. James Sensenbrenner
Introduced In House on 01/09/2017
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US Congress 115th Congress
Medicare Prescription Drug Price Negotiation Act of 2017 [S.41]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
[Senior Citizens ]
Medicare Prescription Drug Price Negotiation Act of 2017 This bill amends title XVIII (Medicare) of the Social Security Act to require the Centers for Medicare & Medicaid Services (CMS) to negotiate with pharmaceutical companies regarding prices for drugs covered under the Medicare prescription drug benefit. Current law prohibits CMS from doing so.
Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On Finance. on 01/05/2017
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US Congress 115th Congress
No Raise for Congress Act [HB-342]
[Budget and Spending ]
[Ethics ]
No Raise for Congress Act This bill amends the Legislative Reorganization Act of 1946 to eliminate automatic pay adjustments for Members of Congress.
Sponsored by: Rep. Luke Messer
Introduced In House on 01/05/2017