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HR 4308 111th Congress House Economics and Public Finance Appropriations Budget deficits and national debt Tax administration and collection, taxpayers

Deficit Reduction Check-Off Act

Introduced: December 15, 2009 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 15, 2009
Referred to House Budget
Dec 15, 2009
Introduced in House
Dec 15, 2009
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, 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.
Dec 15, 2009
Referred to House Ways and Means
 Plain-English summary Congressional Research Service

Deficit Reduction Check-Off Act - Amends the Internal Revenue Code to allow individual taxpayers to designate on their tax returns an amount (initially between $1 and $10, with annual increases of $1 for each taxable year after 2011) for reducing the federal deficit.

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require a sequestration to reduce the federal deficit within 15 days after Congress adjourns to end a session by directing the Office of Management and Budget (OMB) to apply an across-the-board reduction in federal spending equal to 10 times the amount raised by the voluntary tax checkoff under this Act. Exempts from such spending reduction social security and railroad retirement benefits, Medicare benefits, judicial salaries, and veterans benefits.

What's happening now December 15, 2009

Referred to House Budget

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Republican 4