Political Quotes

“I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To amend the Internal Revenue Code of 1986 to extend the special rule for seniors relating to the income level for deduction of medical care expenses and to require high-income taxpayers to pay a fair share of taxes) At the appropriate place, insert the following: SEC. ___. EXTENSION OF SPECIAL RULE FOR SENIORS RELATING TO INCOME LEVEL FOR DEDUCTION OF MEDICAL CARE EXPENSES. Subsection (f) of section 213 of the Internal Revenue Code of 1986 is amended to read as follows: ``(f) Special Rule.--In the case of any taxable year beginning after December 31, 2012, and ending before January 1, 2024, subsection (a) shall be applied with respect to a taxpayer by substituting `7.5 percent' for `10 percent' if such taxpayer or such taxpayer's spouse has attained age 65 before the close of such taxable year.''. SEC. ___. FAIR SHARE TAX ON HIGH-INCOME TAXPAYERS. (a) In General.--Subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: ``PART VII--FAIR SHARE TAX ON HIGH-INCOME TAXPAYERS ``Sec. 59A. Fair share tax. ``SEC. 59A. FAIR SHARE TAX.…”