U.S. Congress - H.R.5029 Economic Freedom Act of 2010
H.R.5029 - Economic Freedom Act of 2010
To amend the Internal Revenue Code of 1986 to allow the private sector to create robust levels of economic growth. view all titles (3)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to allow the private sector to create robust levels of economic growth. as introduced.
- Short: Economic Freedom Act of 2010 as introduced.
- Official: Economic Freedom Act of 2010 as introduced.
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Official Summary
4/15/2010--Introduced.Economic Freedom Act of 2010 - Amends the Internal Revenue Code to: (1) eliminate the tax on the capital gains of individuals and corporations; (2) reduce the maximum corporate income tax rate to 12.5%; (3) allow a permanent and unlimited expensing allowance for depreOfficial Summary
4/15/2010--Introduced.Economic Freedom Act of 2010 - Amends the Internal Revenue Code to:(1) eliminate the tax on the capital gains of individuals and corporations;
(2) reduce the maximum corporate income tax rate to 12.5%;
(3) allow a permanent and unlimited expensing allowance for depreciable business assets; and
(4) reduce payroll tax rates for employers, employees, and self-employed individuals in 2010. Makes permanent the repeal of the estate and generation-skipping transfer taxes. Rescinds unobligated balances available in the American Recovery and Reinvestment Act of 2009. Repeals provisions of such Act relating to the Temporary Assistance to Needy Families program, economic recovery payments, premium assistance for COBRA (health insurance continuation benefits) payments, Medicare and Medicaid health information technology, state fiscal relief, broadband technology, and limits on executive compensation. Amends the Emergency Economic Stabilization Act to repeal the authority for the Troubled Asset Relief Program (TARP). Requires the Secretary of the Treasury to sell all stock and warrants acquired by the Secretary under TARP.
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Recent Blog Coverage
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DON MILLER: Get serious, Congress, and pass Economic Freedom Act
I suggest that readers do a little research on the bill, HR 5029. If you don't have a computer, use one at the library. If you think passage of this bill would help the US get out of its economic jam, call both Conaway and Cornyn. ...
5029: Lucurne 5029
5029 Ireland - Wikipedia, the free encyclopedia; RFC 5029 - Definition of an IS-IS Link Attribute Sub-TLV ... HR 5029: Economic Freedom Act of 2010 (GovTrack.us); OutSkirts Nightclub: Wichita Falls's Home of Texas Artists . ...
Democurmudgeon: Republicans H.R. 5029 The Economic Freedom Act ...
Citizens for Tax Justice has analyzed the effects that H.R. 5029 would have on federal deficits and debt: The bill would add a staggering $6.9 trillion to federal deficits and debt over the upcoming decade. ...
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