U.S. Congress - H.R.1874 Patriot Corporations of America Act of 2009
H.R.1874 - Patriot Corporations of America Act of 2009
To provide Federal contracting preferences for, and a reduction in the rate of income tax imposed on, Patriot corporations, and for other purposes. view all titles (2)
All Bill Titles
- Official: To provide Federal contracting preferences for, and a reduction in the rate of income tax imposed on, Patriot corporations, and for other purposes. as introduced.
- Short: Patriot Corporations of America Act of 2009 as introduced.
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Official Summary
4/2/2009--Introduced.Patriot Corporations of America Act of 2009 - Grants after 2009 a preference to Patriot corporations in the evaluation of bids or proposals for federal contracts. Defines " Patriot corporation" as a corporation which: (1) produces at least 90% of its goods anOfficial Summary
4/2/2009--Introduced.Patriot Corporations of America Act of 2009 - Grants after 2009 a preference to Patriot corporations in the evaluation of bids or proposals for federal contracts. Defines " Patriot corporation" as a corporation which:(1) produces at least 90% of its goods and services in the United States;
(2) does not pay its its management-level employees at a rate more than 10,000% of the compensation of its lowest paid employee;
(3) conducts at least 50% of its research and development in the United States;
(4) contributes at least 5% of its payroll to a portable pension fund for its employees;
(5) pays at least 70% of its employees' health insurance costs;
(6) maintains a policy of neutrality in employee organizing drives;
(7) provides full differential salary and insurance benefits for all National Guard and Reserve employees who are called to active duty; and
(8) has not violated federal regulations, including regulations relating to the environment, workplace safety, labor relations, and consumer protections. Amends the Internal Revenue Code to:
(1) reduce the income tax rate for Patriot corporations;
(2) reclassify foreign corporations created or organized to avoid federal taxation as domestic corporations for income tax purposes; and
(3) increase, for the period between January 1, 2009, and December 31, 2010, the income tax rate for individual taxpayers with adjusted gross incomes of $500,000 or more ($1 million or more for joint returns).
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H.R. 1874 [110th]: Technological Resource to Assist Criminal ...
16 Apr 2007
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He recently co-sponsored the Patriot Corporations of America Act, H.R. 1874, designed to encourage businesses to invest in local communities and create jobs in the United States. Companies that produce at least 90 percent of their goods ...
Another Gangbuster Year for CEO Pay
Don't be fooled by all the poor-mouthing around the latest annual executive pay surveys. With Washington dithering on CEO pay reform, chief execs still have plenty of reason to celebrate. The media heavy hitters have once again begun ...
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