H.R.5908 - To amend the Internal Revenue Code of 1986 to provide a permanent zero percent capital gains rate for individuals and corporations.

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  • Official: To amend the Internal Revenue Code of 1986 to provide a permanent zero percent capital gains rate for individuals and corporations. as introduced.

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04/23/08
 
 
 
 
 
 
 

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Official Summary

4/24/2008--Introduced.Amends the Internal Revenue Code to establish, on a permanent basis, a zero percent tax rate for the net capital gains of individuals and corporations for purposes of the regular and alternative minimum tax. Eliminates the terminating date in the Jobs and Growth Tax R
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Official Summary

4/24/2008--Introduced.
Amends the Internal Revenue Code to establish, on a permanent basis, a zero percent tax rate for the net capital gains of individuals and corporations for purposes of the regular and alternative minimum tax. Eliminates the terminating date in the Jobs and Growth Tax Relief Reconciliation Act of 2003 (i.e., December 31, 2008) for provisions that reduce the capital gains tax rate for individuals.


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Recent Blog Coverage

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10/24/08
Letters to the Editor: Oct. 28, 2008 : Opinion : Redding Record ...

One of his latest efforts was HR 5908, which would provide a permanent 0 percent tax on capital gains for individuals and corporations. This is an interesting bill in light of the fact that Herger's net worth went from $5408658 in 1995 ...

Source: Redding Stories
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07/29/08
CURE | Conservatives in Congress push for lower taxes

Wally Herger (R-CA) introduced a bill (HR 5908) to repeal the capital gains rate for individuals and corporations. Rep. Duncan Hunter (R-CA) introduced the Restore U.S. Manufacturing Act (HR 3900) to allow a 100 percent tax deduction ...

Source: CURE
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07/14/08
NTU Supports Double Taxation Elimination Act

HR 5908 would prevent another $90 worth of salt being poured into that wound. Sound policy should not tax a “gain” which gives the taxpayer or the US economy no additional economic benefit. Capital gains and dividends taxation are not ...

Source: Government Bytes
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