Search Form
First, enter a politician or zip code
Now, choose a category

Key Votes

S Amdt 2573 - Tax Hike Prevention Act of 2012 - Key Vote

National Key Votes

Jeanne Shaheen voted Nay (Amendment Vote) on this Amendment.

Read statements Jeanne Shaheen made in this general time period.

Stages

Family

Issues

Note

NOTE: THIS IS A SUBSTITUTE AMENDMENT, WHICH REPLACES THE ENTIRE TEXT OF THE LEGISLATION WITH A NEW TEXT. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Stage Details

Amendment - Introduced (Senate) -

Title: Tax Hike Prevention Act of 2012

Amendment - Amendment Rejected (Senate) (45-54) - (Key vote)

Title: Tax Hike Prevention Act of 2012

Vote Smart's Synopsis:

Vote to adopt an amendment to S 3412 that extends tax cuts established in 2001 and 2003 until the end of 2013.

Highlights:
  • Extends the tax cuts established by the Economic Growth and Tax Relief Reconciliation Act of 2001 from December 31, 2012 to December 31, 2013 (Sec. 2).
  • Extends the tax cuts established by the Jobs and Growth Tax Relief Reconciliation Act of 2003 from December 31, 2012 to December 31, 2013 (Sec. 3).
  • Increases the alternative minimum tax exemption amount for married taxpayers filing jointly and surviving spouses as follows, effective for taxable years beginning after December 31, 2011 (Sec. 4):
    • From $74,450 to $78,750 in 2012; and
    • From $78,750 to $79,850 for 2013.
  • Increases the alternative minimum tax exemption amount for single taxpayers and taxpayers who are married but filing separately as follows, effective for taxable years beginning after December 31, 2011 (Sec. 4):
    • From $48,450 to $50,600 for 2012; and
    • From $50,600 to $51,150 for 2013.
  • Requires the Senate Committee on Finance to introduce legislation within 12 months that contains certain tax policy elements including, but not limited to, the following (Sec. 6):
    • Reduction of the number of tax preferences and individual tax rates proportionally, with the highest individual tax rate “significantly” below 35 percent;
    • Repeal of the Alternative Minimum Tax;
    • Authorization of a top tax rate on corporations of no more than 25 percent; and
    • Retention of a “progressive tax code.”

Sponsors

Co-sponsors

Skip to top
Back to top