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Key Votes

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

National Key Votes

Brad Sherman voted Nay (Conference Report Vote) on this Legislation.

Read statements Brad Sherman made in this general time period.

Stages

Family

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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