Summary: H.R.2306 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.2306. Bill summaries are authored by CRS.

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Introduced in House (05/13/2015)

Obamacare Marriage Penalty Elimination Act

This bill amends the Internal Revenue Code, with respect to the tax credit for health care insurance premium assistance, to: (1) calculate the amount of such credit in the case of a joint tax return as the sum of each credit amount allowed to each spouse, thus preventing the tax effect known as the marriage penalty; and (2) replace the 400% poverty line eligibility limit for such credit with an applicable percentage based on a calculation of the combination of increased tax revenues and decreased outlays resulting from this Act.