Mr. Peterson of Minnesota introduced the following bill; which was referred to the Committee on Ways and Means
Introduced in House (IH)
To amend the Internal Revenue Code of 1986 to repeal the limitation on passive activity losses and credits, provide an accelerated depreciation schedule for real estate, restore the investment tax credit, allow a deduction for certain capital gains, restore and increase the deduction for health insurance costs of self-employed individuals, restore income averaging, and reduce social security taxes and remove the ceiling on wages subject to such taxes.
Collin C. Peterson
Committee on Ways and Means (Standing)
United States Code References
42 U.S.C. 430
732 North Capitol Street, NW, Washington, DC 20401-0001