I 
111TH CONGRESS 
1ST SESSION H. R. 1961 
To amend the Internal Revenue Code of 1986 to expand the availability 
of the saver’s credit, to make the credit refundable, and to make Federal 
matching contributions into the retirement savings of the taxpayer. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 2, 2009 
Mr. POMEROY (for himself, Mr. KIND, Mr. MCDERMOTT, Mr. BLUMENAUER, 
Ms. SCHWARTZ, Mr. SESTAK, Mr. ALTMIRE, and Mr. THOMPSON of Cali-
fornia) introduced the following bill; which was referred to the Committee 
on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to expand 
the availability of the saver’s credit, to make the credit 
refundable, and to make Federal matching contributions 
into the retirement savings of the taxpayer. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Savings for American 
Families’ Future Act of 2009’’. 
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SEC. 2. MODIFICATION OF SAVER’S CREDIT. 
(a) 50 PERCENT CREDIT FOR ALL TAXPAYERS: EX-
PANSION OF PHASEOUT RANGES.—Subsection (b) of sec-
tion 25B of the Internal Revenue Code of 1986 is amend-
ed to read as follows: 
‘‘(b) APPLICABLE PERCENTAGE.—For purposes of 
this section— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the applicable percentage is 50 percent. 
‘‘(2) PHASEOUT.—The percentage under para-
graph (1) shall be reduced (but not below zero) by 
the number of percentage points which bears the 
same ratio to 50 percentage points as— 
‘‘(A) the excess of— 
‘‘(i) the taxpayer’s adjusted gross in-
come for such taxable year, over 
‘‘(ii) the applicable dollar amount, 
bears to 
‘‘(B) the phaseout range. 
If any reduction determined under this paragraph is 
not a whole percentage point, such reduction shall be 
rounded to the nearest whole percentage point. 
‘‘(3) APPLICABLE DOLLAR AMOUNT; PHASEOUT 
RANGE.— 
‘‘(A) JOINT
RETURNS.—Except as pro-
vided in subparagraph (B)— 
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‘‘(i) the applicable dollar amount is 
$65,000, and 
‘‘(ii) the phaseout range is $20,000. 
‘‘(B) OTHER RETURNS.—In the case of— 
‘‘(i) a head of a household (as defined 
in section 2(b)), the applicable dollar 
amount and the phaseout range shall be 3⁄4 
of the amounts applicable under subpara-
graph (A) (as adjusted under paragraph 
(4)), and 
‘‘(ii) any taxpayer who is not filing a 
joint return and who is not a head of a 
household (as so defined), the applicable 
dollar amount and the phaseout range 
shall be 1⁄2 of the amounts applicable 
under subparagraph (A) (as so adjusted). 
‘‘(4) INFLATION ADJUSTMENT OF APPLICABLE 
DOLLAR AMOUNT.—In the case of any taxable year 
beginning in a calendar year after 2010, the dollar 
amount in paragraph (3)(A)(i) shall be increased by 
an amount equal to— 
‘‘(A) such dollar amount, multiplied by 
‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which the taxable year begins, deter-
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mined by substituting ‘calendar year 2009’ for 
‘calendar year 1992’ in subparagraph (B) 
thereof. 
Any increase determined under the preceding sen-
tence shall be rounded to the nearest multiple of 
$500.’’. 
(b) CREDIT MADE REFUNDABLE; MATCHING CON-
TRIBUTIONS.— 
(1) CREDIT MADE REFUNDABLE.—The Internal 
Revenue Code of 1986 is amended by moving section 
25B to subpart C of part IV of subchapter A of 
chapter 1 of such Code (relating to refundable cred-
its), by inserting section 25B after section 36A, and 
by redesignating section 25B as section 36B. 
(2) MATCHING
CONTRIBUTIONS.—Subsection 
(g) of section 36B of such Code, as redesignated by 
paragraph (1), is amended to read as follows: 
‘‘(g) MATCHING CONTRIBUTIONS.— 
‘‘(1) IN GENERAL.—The credit allowed to an el-
igible individual under this section for any taxable 
year shall be twice the credit which would (but for 
this subsection) be allowed if— 
‘‘(A) the individual consents to the applica-
tion of paragraph (2), and 
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‘‘(B) a designation by such individual is in 
effect for such year under paragraph (3). 
‘‘(2) CREDIT PAID INTO DESIGNATED RETIRE-
MENT
ACCOUNT.—Any increase in credit under 
paragraph (1) for any taxable year shall be paid by 
the Secretary into the designated retirement account 
of the individual for such year. The amount payable 
under the preceding sentence shall be subject to the 
reductions under section 6402 in the same manner 
as if such amount were an overpayment. The 
amount so paid shall be treated as refunded to such 
individual. 
‘‘(3) DESIGNATED
RETIREMENT
ACCOUNT.— 
For purposes of this subsection, the term ‘des-
ignated retirement account’ means any account or 
plan— 
‘‘(A) of a type to which qualified retire-
ment savings contributions may be made, 
‘‘(B) which is for such individual’s benefit, 
and 
‘‘(C) which is designated by such indi-
vidual (in such form and manner as the Sec-
retary may provide) on the return of tax for the 
taxable year. 
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