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Key Votes

HR 4520 - JOBS (Jumpstart Our Business Strength) - Key Vote

National Key Votes

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Issues

Stage Details

Legislation - Signed (Executive) - Became Public Law No. 108-357 -
Legislation - Conference Report Adopted (Senate) (69-17) - (Key vote)

Title: JOBS (Jumpstart Our Business Strength)

Vote Smart's Synopsis:

Vote to pass a bill that would repeal the foreign sales corporation/extraterritorial income tax system ruled illegal by the World Trade Organization (WTO) and other purposes.

Highlights:
  • Provides an estimated $145 billion in new tax reductions to U.S. corporations over the next 10 years.
  • Reduces the corporate tax rate from 35% to 32% for domestic manufacturers and small corporations.
  • Allow voters who pay no state income tax to write off their state sales taxes on their federal tax return (Sec. 501).
  • Permits private collection agencies to track down delinquent taxpayers (Sec. 881).
  • Allots $10 billion to buyout annual federal allotments for tobacco farmers (Sec. 626).
Legislation - Conference Report Adopted (House) (280-141) - (Key vote)

Title: JOBS (Jumpstart Our Business Strength)

Vote Smart's Synopsis:

Vote to pass a bill that would repeal the foreign sales corporation/extraterritorial income tax system ruled illegal by the World Trade Organization (WTO) and other purposes.

Highlights:
  • Provides an estimated $145 billion in new tax reductions to U.S. corporations over the next 10 years.
  • Reduces the corporate tax rate from 35% to 32% for domestic manufacturers and small corporations.
  • Allow voters who pay no state income tax to write off their state sales taxes on their federal tax return (Sec. 501).
  • Permits private collection agencies to track down delinquent taxpayers (Sec. 881).
  • Allots $10 billion to buyout annual federal allotments for tobacco farmers (Sec. 626).
Legislation - Bill Passed With Amendment (Senate) -
Legislation - Bill Passed (House) (251-178) -
Legislation - Introduced (House) -

Title: JOBS (Jumpstart Our Business Strength)

Sponsors

  • William M. 'Bill' Thomas (CA - R) (Out Of Office)

Co-sponsors

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