S.2147: A bill to amend the Internal Revenue Code of 1986 to provide a deduction for two-earner married couples, to allow self-employed individuals a 100-percent deduction for health insurance costs, and for other purposes.

Amends the Internal Revenue Code to: (1) allow, on a joint return, a deduction equal to a percentage of the qualified earned income of the lower earning spouse; and (2) revise the rules for the deduction of the health insurance costs of self-employed individuals to allow a deduction for 75 percent (for taxable years beginning in 1999 and 2000) of such costs and a deduction for 100 percent (in following years) of such costs.

(Source: Library of Congress)