To amend the Internal Revenue Code of 1986 to reduce the corporate income tax rate.
American Competitiveness Act of 2011 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations to 25% of corporate taxable income exceeding $50,000. Provides a special rule for any taxable year beginning in 2011 by establishing a maximum 30% rate for corporate taxable income exceeding $75,000.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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