that person to comply with the subpoena. The court may punish as contempt any disobedience of its order. (d) Regulations The Executive Director shall prescribe regulations to carry out subsection (a). III Government Match Tax Credit 301. Government Match Tax Credit (a) Credit Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following new section: 25F. Government Match Tax Credit (a) Allowance of credit In the case of an eligible individual, there shall be allowed as a credit for the taxable year an amount equal to the sum of— (1) 1 percent of the eligible individual’s gross income, plus (2) the applicable percentage of the participant’s contributions to the American Worker Retirement Fund during the taxable year. (b) Applicable percentage For purposes of this section, the applicable percentage is— (1) 100 percent of so much of the contributions to the American Worker Retirement Fund as do not exceed 3 percent of gross income, (2) 50 percent of so much of such contributions as exceeds 3 percent but does not exceed 5 percent of gross income, and (3) 0 percent of so much of such contributions as exceeds 5 percent of gross income. (c) Limitation on amount of credit (1) In general The credit allowed under subsection (a) with respect to any eligible individual for a taxable year shall not exceed 5 percent of the phaseout amount with respect to such individual for such taxable year. (2) Phaseout of credit limit The limit determined under paragraph (1) for a taxable year shall be reduced by $75 for each $1,000 or portion thereof by which the eligible individual’s gross income exceeds the phaseout amount. (3) Phaseout amount For purposes of this subsection, the phaseout amount is— (A) in the case of a joint return, an amount equal to 200 percent of the applicable median income for the taxable year, (B) in the case of a head of household (as defined in section 2(b)), 3/4 of the amount determined under subparagraph (A), and (C) in any other