,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fbhj  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ac1 #bjbj,mr4
 ,panetta 7for himself and ,mr4         
,wenstrup7 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 increase the         
differential wage payment credit4  #a4  
,short title ,this ,act may be cited as 
the ,reservist ,pay ,equity ,act of     
#bjbj4  #b4 ,expansion of employer wage 
credit for employees who are active duty
 members of the uniformed services  7a7 
,increase in differential wage payment  
credit ,section #de,p7a7 of the         
,internal ,revenue ,code of #aihf is    
amended by striking #bj percent and     
inserting #ej percent4  7b7 ,adjustment 
for inflation ,section #de,p7b7 of such 
,code is amended by adding at the end   
the following new paragraph3  7#d7      
,adjustment for inflation ,in the case  
of any taxable year beginning after     

#bjba1 the #bj1jjj amount in paragraph  
7#a7 shall be increased by an amount    
equal to-- 7,a7 such dollar amount1     
multiplied by  7,b7 the cost-of-living  
adjustment determined under section     
#a7;f77#c7 for the calendar year in     
which the taxable year begins1 by       
substituting calendar year #bjbj for    
calendar year #aiif in subparagraph     
7,a77ii7 thereof4  ,if the amount as    
increased under the preceding sentence  
is not a multiple of #ajj1 such amount  
shall be rounded to the nearest multiple
 of #ajj4  4  7c7 ,effective date ,the  
amendments made by this section shall   
apply to payments made after ,december  
#ca1 #bjbj4