HR 1074

112th CONGRESS
1st Session

H. R. 1074

To amend the Internal Revenue Code of 1986 to reduce the corporate income tax rate to 10 percent and to lower the rate of tax on capital gains and dividends to 10 percent.

IN THE HOUSE OF REPRESENTATIVES

March 14, 2011

Mr. TIPTON introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to reduce the corporate income tax rate to 10 percent and to lower the rate of tax on capital gains and dividends to 10 percent.

SECTION 1. CORPORATE INCOME TAX RATE REDUCED TO 10 PERCENT.

SEC. 2. TEN PERCENT CAPITAL GAINS RATE FOR INDIVIDUALS AND CORPORATIONS.

END