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HR 143 111th Congress House

To amend the Internal Revenue Code of 1986 to provide for a two-month suspension of employment and income taxes, and for other purposes.

Introduced: January 13, 2009 See on congress.gov
Taxation Bank accounts, deposits, capitalDepartment of the TreasuryEmployment taxesExecutive agency funding and structure
More subjectsShow fewer subjects
Financial crises and stabilizationGovernment trust fundsIncome tax exclusionMedicareSecuritiesSelf-employedSocial security and elderly assistanceWages and earnings
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 6, 2009
Referred to House Financial Services
Jan 6, 2009
Referred to House Ways and Means
Jan 6, 2009
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 6, 2009
Introduced in House
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 Latest action January 6, 2009

Referred to House Financial Services

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) reduce to 0% the employment tax on employers, employees, and self-employed individuals in the first full two-month period after the enactment of this Act; and (2) exclude from gross income any wage and self-employment income earned during the same period .

Amends the Emergency Economic Stabilization Act of 2008 to repeal procedures for authorizing the Secretary of the Treasury to obligate additional amounts under the Troubled Asset Relief Program (TARP).

Requires the Secretary to: (1) estimate the impact of this Act on the income and balances of the social security trust funds; and (2) transfer amounts from the Treasury to such trust funds if there is any reduction in the income and balances of such trust funds resulting from this Act.

Terminates the authority of the Secretary under the Emergency Economic Stabilization Act of 2008 to purchase troubled assets or any preferred or other stock or equity in any financial institution.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 8
All 8 Republican 7
R
Cole, Tom
Oklahoma · Jan 13, 2009
 R
Blackburn, Marsha
Tennessee · Jan 6, 2009
 R
Carter, John R.
Texas · Jan 6, 2009
Fallin, Mary
· Jan 6, 2009
 R
Issa, Darrell
California · Jan 6, 2009
 R
Latta, Robert E.
Ohio · Jan 6, 2009
 R
Scalise, Steve
Louisiana · Jan 6, 2009
 R
Sessions, Pete
Texas · Jan 6, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 143: To amend the Internal Revenue Code of 1986 to provide for a two-month suspension of employment and income taxes, and for other purposes.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-143/
MLA
"H.R. 143: To amend the Internal Revenue Code of 1986 to provide for a two-month suspension of employment and income taxes, and for other purposes.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-143/.
Bluebook (legal)
H.R. 143, 111th Cong. (2026), https://openamerica.io/bill/111-HR-143/.
Markdown link
[H.R. 143: To amend the Internal Revenue Code of 1986 to provide for a two-month suspension of employment and income taxes, and for other purposes.](https://openamerica.io/bill/111-HR-143/)
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