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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Reduce America's Debt Now Act of 2011

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To provide for an employee election on Form W-4 to have amounts deducted and withheld from wages to be used to reduce the public debt.


Actions Overview (1)

Date
07/06/2011Introduced in House

All Actions (2)

Date
07/06/2011Referred to the House Committee on Ways and Means.
Action By: House of Representatives
07/06/2011Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means07/06/2011 Referred to

No related bill information was received for H.R.2411.


Subjects (3)


Latest Summary (1)

There is one summary for H.R.2411. View summaries

Shown Here:
Introduced in House (07/06/2011)

Reduce America's Debt Now Act of 2011 - Authorizes an employee to elect for an employer to deduct and withhold upon the payment of his or her wages amounts to be used to reduce the public debt.

Disallows an itemized deduction under the Internal Revenue Code for such withholding.

Requires the Secretary of the Treasury to: (1) modify withholding exemption certificates (Form W-4) to include such an election, and (2) include on the certificate a reasonably conspicuous statement that any amounts deducted and withheld from such wages are not deductible as charitable contributions for federal income tax purposes.

Amends the Code to redefine "wages" to exclude any amount deducted and withheld pursuant to an election under this Act for purposes of employment taxes and collection of income taxes.