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

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See How Your Politicians Voted

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).

Full Bill Text

See How Your Politicians Voted

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).

Full Bill Text

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