A bill to provide for permanent tax reductions for individuals and small businesses in order to expand both job opportunities and productivity in the private sector of the economy.
Tax Reduction Act - Amends the Internal Revenue Code to reduce certain individual income taxes by lowering the tax rate imposed on income within different brackets while maintaining the same threshold amount of tax for each bracket. Increases the corporate surtax exemption to $100,000.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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