OpenCongress Blog

Blog Feed Comments Feed More RSS Feeds

Earlier this week Sen. Ron Wyden [D, OR] and Sen. Judd Gregg [R, NH] introduced legislation that would cut the corporate income tax but also eliminate certain corporate tax breaks. Online poker fans are also excited about a provision in the bill legalizing Internet gambling. Wyden's and Gregg's Bipartisan Tax Fairness and Simplification Act replaces the federal corporate income tax of 35 percent with a flat 24 percent rate. The bill also reduces the six existing marginal income tax brackets to...

Read Full Article