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Key Votes
HR 8 - Job Protection and Recession Prevention Act of 2012 - Key Vote
National Key Votes
Wally Herger, Jr. voted Yea (Concurrence Vote) on this Legislation.
Read statements Wally Herger, Jr. made in this general time period.
Stages
- Jan. 2, 2013 Executive Signed
- Jan. 1, 2013 House Concurrence Vote Passed
- Jan. 1, 2013 Senate Bill Passed
- Aug. 1, 2012 House Bill Passed
- July 24, 2012 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - Became Public Law No. 112-240 - Jan. 2, 2013
Title: Job Protection and Recession Prevention Act of 2012
Legislation - Concurrence Vote Passed (House) (253-165) - Jan. 1, 2013(Key vote)
Title: Job Protection and Recession Prevention Act of 2012
Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:
Vote to concur with Senate amendments and pass a bill that permanently extends tax cuts established in 2001 and 2003 and increases the income tax rate for certain individuals.
Highlights:
- Specifies that the income tax rate will be 39.6 percent for the following incomes for tax years beginning in the 2013 tax year (Sec. 101):
- An income of $450,000 for married individuals filing jointly;
- An income of $425,000 for individuals filing as head of household; and
- An income of $400,000 for single individuals.
- Increases the capital gains tax rate from 15 to 20 percent for the following capital gains incomes beginning January 1, 2013 (Sec. 102):
- An income of $450,000 for married individuals filing jointly;
- An income of $425,000 for individuals filing as head of household; and
- An income of $400,000 for single individuals.
- Increases the maximum estate tax from 35 to 40 percent for tax years beginning January 1, 2013 (Sec. 101).
- Increases the income amount for determining the alternative minimum taxable incomes to the following amounts permanently (Sec. 104):
- From incomes of $45,000 to $78,750 in the case of married individuals filing jointly or a surviving spouse; and
- From incomes of $33,750 to $50,600 in the case of a single individual who is not a surviving spouse.
- Extends the following acts on a permanent basis (Secs. 101-102):
- The Economic Growth and Tax Relief Reconciliation Act of 2001; and
- The Jobs and Growth Tax Relief Reconciliation Act of 2003.
- Extends the following tax credits from 2012 to 2018 (Sec. 103):
- The American Opportunity Tax Credit;
- The Child Tax Credit; and
- The Earned Income Tax Credit
- Extends the Indian Employment Tax Credit from December 31, 2011 until December 31, 2013 (Sec. 304).
Legislation - Bill Passed With Amendment (Senate) (89-8) - Jan. 1, 2013(Key vote)
Title: Job Protection and Recession Prevention Act of 2012
Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:
Vote to pass a bill that permanently extends tax cuts established in 2001 and 2003 and increases the income tax rate for certain individuals.
Highlights:
- Specifies that the income tax rate will be 39.6 percent for the following incomes for tax years beginning in the 2013 tax year (Sec. 101):
- An income of $450,000 for married individuals filing jointly;
- An income of $425,000 for individuals filing as head of household; and
- An income of $400,000 for single individuals.
- Increases the capital gains tax rate from 15 to 20 percent for the following capital gains incomes beginning January 1, 2013 (Sec. 102):
- An income of $450,000 for married individuals filing jointly;
- An income of $425,000 for individuals filing as head of household; and
- An income of $400,000 for single individuals.
- Increases the maximum estate tax from 35 to 40 percent for tax years beginning January 1, 2013 (Sec. 101).
- Increases the income amount for determining the alternative minimum taxable incomes to the following amounts permanently (Sec. 104):
- From incomes of $45,000 to $78,750 in the case of married individuals filing jointly or a surviving spouse; and
- From incomes of $33,750 to $50,600 in the case of a single individual who is not a surviving spouse.
- Extends the following acts on a permanent basis (Secs. 101-102):
- The Economic Growth and Tax Relief Reconciliation Act of 2001; and
- The Jobs and Growth Tax Relief Reconciliation Act of 2003.
- Extends the following tax credits from 2012 to 2018 (Sec. 103):
- The American Opportunity Tax Credit;
- The Child Tax Credit; and
- The Earned Income Tax Credit
- Extends the Indian Employment Tax Credit from December 31, 2011 until December 31, 2013 (Sec. 304).
Legislation - Bill Passed (House) (256-171) - Aug. 1, 2012(Key vote)
Title: Job Protection and Recession Prevention Act of 2012
Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:
Vote to pass a bill that extends tax cuts established in 2001 and 2003 until the end of 2013.
Highlights:
- Extends the Economic Growth and Tax Relief Reconciliation Act of 2001 from December 31, 2012 to December 31, 2013 (Sec. 102).
- Extends the Jobs and Growth Tax Relief Reconciliation Act of 2003 from December 31, 2012 to December 31, 2013 (Sec. 102).
- Requires Congress to introduce a bill to provide for “comprehensive tax reform” no later than April 30, 2013, and requires this bill to be expedited through the House of Representatives and the Senate (Sec. 203).
- Requires the tax reform bill to contain certain policy elements including, but not limited to, the following (Sec. 203):
- Consolidation of the 6 individual income tax brackets into no more than 2 brackets and at a rate of no more than 25 percent for each bracket;
- Reduction of the corporate tax rate to no more than 25 percent;
- Repeal of the Alternative Minimum Tax;
- Proposals that expand the tax base to maintain revenue between 18 and 19 percent of the economy; and
- Conversion of the tax system from a “worldwide” system to a “territorial” system.
Legislation - Introduced (House) - July 24, 2012
Title: Job Protection and Recession Prevention Act of 2012
Sponsors
- David Lee 'Dave' Camp (MI - R) (Out Of Office)
Co-sponsors
- Rick Berg (ND - R) (Out Of Office)
- Diane L. Black (TN - R)
- Charles W. Boustany Jr. (LA - R) (Out Of Office)
- Kevin P. Brady (TX - R)
- Vern Buchanan (FL - R)
- Ken S. Calvert (CA - R)
- Ander Crenshaw (FL - R) (Out Of Office)
- Geoff Davis (KY - R) (Out Of Office)
- Robert 'Bob' Dold (IL - R) (Out Of Office)
- Jim Gerlach (PA - R) (Out Of Office)
- Samuel B. 'Sam' Graves (MO - R)
- Tim Griffin (AR - R) (Out Of Office)
- Walter 'Wally' Herger Jr. (CA - R) (Out Of Office)
- Lynn M. Jenkins (KS - R)
- Samuel Robert 'Sam' Johnson (TX - R)
- John P. Kline (MN - R) (Out Of Office)
- Kenny E. Marchant (TX - R)
- Devin G. Nunes (CA - R)
- Erik Paulsen (MN - R)
- Thomas E. 'Tom' Price (GA - R) (Out Of Office)
- Thomas W. 'Tom' Reed II (NY - R)
- David George 'Dave' Reichert (WA - R)
- Peter J. Roskam (IL - R)
- Paul D. Ryan (WI - R)
- Aaron Schock (IL - R) (Out Of Office)
- Timothy E. 'Tim' Scott (SC - R) (Out Of Office)
- Adrian M. Smith (NE - R)
- Patrick J. 'Pat' Tiberi (OH - R) (Out Of Office)
