,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #ffdh  ,,in ,,the ,,house ,,of  
,,representatives  ,july #ca1 #bjah,mr4 
,ruiz 7for himself1 ,mr4 ,beyer1 ,mrs4  
,watson ,coleman1 and ,mr4 ,crowley7    
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,a ,,bill  ,to amend the       
,internal ,revenue ,code of #aihf to    
provide an employer credit for          
increasing wages4  #a4 ,short title     
,this ,act may be cited as the          
,rewarding ,american ,investments to    
,support ,employees ,act of #bjah or as 
the ,,raise ,act of #bjah4  #b4         
,employer wage credit  7a7 ,in general  
,subpart ,d of part ,,iv of subchapter  
,a of chapter #a of the ,internal       
,revenue ,code of #aihf is amended by   
adding at the end the following3  #de,t4
 ,employer wage credit  7a7 ,in general 
,for purposes of section #ch1 the       
employer wage credit determined under   
this section with respect to any        
employer for any taxable year is an     

amount equal to #aj percent of the      
excess 7if any7 of--  7#a7 the aggregate
 amount of wages paid or incurred to    
specified employees during the calendar 
year which ends with or within such     
taxable year1 over  7#b7 the aggregate  
amount of wages paid or incurred to     
specified employees during the calendar 
year immediately preceding the calendar 
year described in paragraph 7#a74  7b7  
,limitations  7#a7 ,in general ,the     
amount of the credit determined under   
subsection 7a7 with respect to any      
employer for any taxable year shall not 
exceed #ejj1jjj4  7#b7 ,limitation on   
increase which may be taken into account
 with respect to each employee ,the     
amount of wages taken into account under
 subsection 7a77#a7 with respect to any 
employee shall not exceed the sum of    
#be1jjj plus the amount of wages taken  
into account under subsection 7a77#b7   
with respect to such employee4  7c7     
,specified employees ,for purposes of   
this section1 the term specified        

employee means any employee who-- 7#a7  
was employed continuously in one or more
 trades or businesses of the employer   
during both calendar years described in 
subsection 7a71 and  7#b7 earned wages  
not in excess of #ge1jjj during the     
calendar year described in subsection   
7a77#b74  7d7 ,other definitions and    
special rules ,for purposes of this     
section--  7#a7 ,wages ,the term wages  
has the meaning given such term by      
section #ccjf7;b7 7determined without   
regard to any dollar limitation         
contained in such section74 ,such term  
shall not include any amount taken into 
account in determining any other credit 
allowed under this subpart4  7#b7       
,predecessor and successor ,any         
reference in this paragraph to an       
employer shall include a reference to   
any predecessor of1 or successor to1    
such employer4  7#c7 ,aggregation rule  
,all persons treated as a single        
employer under subsection 7b71 7c71 7m71
 or 7o7 of section #dad shall be treated

 as one employer4  7#d7 ,inflation      
adjustment  7,a7 ,in general ,in the    
case of a taxable year beginning after  
#bjah1 the #ejj1jjj and #ge1jjj amounts 
in subsections 7b7 and 7c7 shall each be
 increased by an amount equal--  7i7    
such dollar amount1 multiplied by  7ii7 
the cost-of-living adjustment determined
 under subparagraph 7,b7 for the        
calendar year in which the taxable year 
begins4  7,b7 ,cost-of-living adjustment
 ,for purposes of this paragraph1 the   
cost-of-living adjustment for any       
calendar year is the percentage 7if any7
 by which--  7i7 the ,,cpi for the      
preceding calendar year1 exceeds  7ii7  
the ,,cpi for calendar year #bjag4  7,c7
 ,,cpi for any calendar year ,for       
purposes of this paragraph1 the ,,cpi   
for any calendar year shall be          
determined as provided in section       
#a7;f77#d74  7,d7 ,rounding ,if any     
amount as adjusted under subparagraph   
7,a7 is not a multiple of #a1jjj1 such  
amount shall be rounded to the next     

lowest multiple of #a1jjj4  7#e7        
,election to have credit not apply ,a   
taxpayer may elect to have this section 
not apply for any taxable year4 ,rules  
similar to the rules of paragraphs 7#b7 
and 7#c7 of section #ea7;j7 shall apply 
for purposes of this paragraph4  4  7b7 
,credit ,to be part of general business 
credit ,section #ch7;b7 of such ,code is
 amended by striking plus at the end of 
paragraph 7#cf71 by striking the period 
at the end of paragraph 7#cg7 and       
inserting 1 plus1 and by inserting after
 paragraph 7#cg7 the following new      
paragraph3  7#ch7 the employer wage     
credit determined under section #de,t4  
4  7c7 ,denial of double benefit with   
deductions ,section #bhj;,c7a7 of such  
,code is amended by inserting #de,t7a71 
after #de,s7a714  7d7 ,clerical         
,amendment ,the table of sections for   
subpart ,d of part ,,iv of subchapter ,a
 of chapter #a of such ,code is amended 
by adding at the end the following item3
  ,sec4 #de,t4 ,employer wage credit4  4

  7e7 ,effective date ,the amendments   
made by this section shall apply to     
taxable years beginning after ,december 
#ca1 #bjag4