Summary: S.2147 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for S.2147. Bill summaries are authored by CRS.

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Introduced in Senate (06/09/1998)

Amends the Internal Revenue Code to: (1) allow, on a joint return, a deduction equal to a percentage of the qualified earned income of the lower earning spouse; and (2) revise the rules for the deduction of the health insurance costs of self-employed individuals to allow a deduction for 75 percent (for taxable years beginning in 1999 and 2000) of such costs and a deduction for 100 percent (in following years) of such costs.