A bill to amend the Internal Revenue Code of 1954 to provide a permanent reduction in corporate taxes.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce corporation tax rates by establishing a graduated scale ranging from a minimum of 18 percent for taxable income under $25,000 up to $64,500 plus 46 percent (diminished over five years to 42 percent) for income over $200,000.…