HR 609 · 112th Congress · Taxation
American Competitiveness Act of 2011
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2011-02-10)
Plain Language Summary
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American Competitiveness Act of 2011 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations to 25% of corporate taxable income exceeding $50,000. Provides a special rule for any taxable year beginning in 2011 by establishing a maximum 30% rate for corporate taxable income exceeding $75,000.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
20 Republicans