H.R. 3903: Paying a Fair Share Act of 2012

112th Congress · introduced 2012-02-06 · Taxation · Latest: Sponsor introductory remarks on measure. (CR H522)

federal

Follow this bill, step by step

Where it came from: introduced 2012-02-06 · official record
Who proposed it: Rep. Baldwin, Tammy [D-WI-2] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Sponsor introductory remarks on measure. (CR H522) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Paying a Fair Share Act of 2012

Plain summary

Paying a Fair Share Act of 2012 - Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2013. Expresses the sense of the House of Representatives that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Paying a Fair Share Act of 2012

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Baldwin, Tammy [D-WI-2] · 72 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Peter Welch (D-VT), Henry C. "Hank" Johnson, Jr. (D-GA), Marcy Kaptur (D-OH), Gwen Moore (D-WI), James P. McGovern (D-MA), Eleanor Holmes Norton (D-DC), Mazie K. Hirono (D-HI), Chellie Pingree (D-ME), Frederica S. Wilson (D-FL), Gary C. Peters (D-MI), Robert C. "Bobby" Scott (D-VA), Rick Larsen (D-WA), Judy Chu (D-CA), Christopher Murphy (D-CT), Ben Ray Luján (D-NM), Lloyd Doggett (D-TX), Linda T. Sánchez (D-CA), André Carson (D-IN), Betty McCollum (D-MN), Yvette D. Clarke (D-NY), Kathy Castor (D-FL), Edward J. Markey (D-MA), Joe Courtney (D-CT) and 12 more.

Sponsor's campaign money: Rep. Baldwin, Tammy [D-WI-2] reported raising $3.5 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hr3903.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>

Record fed-us-cong112-hr3903 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112