A bill to amend the Internal Revenue Code of 1986 to reduce the maximum rate on the income of corporations to 20 percent.
Restoring America's Competitiveness in Enterprise (RACE) Act of 2013 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations, including personal service corporations, to 20% of taxable income over $50,000.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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