Amendment in the nature of a substitute sought to lay out Democratic principles for tax reforms that call for increased revenues to bring down the national debt and invest in economic growth; a progressive tax rate structure; protecting the vulnerable; repeal of the AMT; discouraging tax haven abuse; elimination of tax breaks that ship jobs and profits overseas; promotion of domestic manufacturing; and preserving incentives for education, retirement, healthcare, home ownership, and small businesses.

Purpose:

Printed in Part A of House Report 112-641 to lay out Democratic principles for tax reform that call for increased revenues to bring down our national debt and invest in economic growth; a progressive tax rate structure; protecting the vulnerable; repeal of the AMT; discouraging tax haven abuse; elimination of tax breaks that ship jobs and profits overseas; promotion of domestic manufacturing; and preserving incentives for education, retirement, healthcare, home ownership, and small business.

House Amendment Code:

(A001)

House Tally Clerks use this code to manage amendment information.