The phase-in figures rise to $75,000 and $150,000
What the document says“is amended by striking "$50,000 ($100,000 in the case of a joint return)" each place it appears and inserting "$75,000 ($150,000 in the case of a joint return)".”
The section strikes the figures $50,000 and $100,000 each place they appear in subparagraph (B) of section 199A(b)(3) of the Internal Revenue Code of 1986 and in paragraph (3) of section 199A(d), and inserts $75,000 and $150,000.
What the document actually says“is amended by striking "$50,000 ($100,000 in the case of a joint return)" each place it appears and inserting "$75,000 ($150,000 in the case of a joint return)".”
The figures $50,000 and $100,000 are taken out wherever they appear. The figures $75,000 and $150,000 are put in.
The larger figure is for a joint return. The same swap is made in two spots. What the figures control is not recorded here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.