A bill to rescind the 3.8 percent tax on the investment income of the American people and to promote job creation and small businesses.
Economic Growth and Jobs Protection Act of 2011 - Repeals the provision of the Health Care and Education Reconciliation Act of 2010 that imposes a 3.8% tax on unearned income (e.g., investment income, rents, royalties, etc.).
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6766, S6766-6767)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6766)
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