S 85 · 112th Congress · Taxation

Restoring America's Competitiveness in Enterprise (RACE) Act of 2011

Introduced 2011-01-25· Sponsored by Sen. Johanns, Mike [R-NE]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2011-01-25)

Plain Language Summary

[AI summary unavailable — showing source text] Restoring America's Competitiveness in Enterprise (RACE) Act of 2011 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations, including personal service corporations, to 20% of taxable income over $50,000.…

Summarized by Claude AI · Non-partisan · For informational purposes only