[Vision2020] Speaking of Chutzpah . . .

[Tom Hansen]

Rep. Louie Gohmert (R-TX) introduced . . . to the House of Representatives today . . . his own "Americans Jobs Act of 2011".

The entire two-page text of this bill . . .

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A BILL To amend the Internal Revenue Code of 1986 to repeal the corporate income tax.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘American Jobs Act of 2011’’.

SEC. 2. REPEAL OF CORPORATE INCOME TAX.

(a) IN GENERAL.—Subsection (b) of section 11 of the Internal Revenue Code of 1986 is amended to read as follows:

(b) "AMOUNT OF TAX.—The amount of the tax imposed by subsection (a) shall be zero percent of taxable income.’’.

(b) REPEAL OF ALTERNATIVE MINIMUM TAX FOR CORPORATIONS.—Subparagraph (B) of section 55(b)(1) of such Code is amended to read as follows:

(B) CORPORATIONS.—In the case of a corporation, the tentative minimum tax for the taxable year is zero.’’.

(c) CONFORMING AMENDMENTS.— (1) Paragraphs (1) and (2) of section 1445(e)
of such Code are each amended by striking ‘‘35 percent’’ and inserting ‘‘0 percent’’.

(2) Subparagraph (A) of section 7518(g)(6) of such Code is amended by striking ‘‘34 percent’’ and inserting ‘‘0 percent’’.

(3) Paragraph (2) of section 53511(f) of title 46, United States Code, is mended by striking ‘‘34 percent’’ and inserting ‘‘0 percent’’. 

(d) EFFECTIVE DATE.—The amendments made by section shall apply to taxable years beginning after this December 31, 2011, except that the amendments made by subsection (c) shall take effect on such date.

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PDF copy of "American Jobs Act of 2011’’
http://gohmert.house.gov/UploadedFiles/Gohmert_American_Jobs_Act.pdf

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So, Rep. Gohmert's idea to increase employment is to eliminate corporate income tax.

Hmmm.

Seeya round town, Moscow.

Tom Hansen
Moscow, Idaho
 
"When all is said and done, have you done or said enough?  Have you just gone along for the ride, or have you steered destiny's hotrod?  When you leave this world, did you make it any better than it was when you arrived?  All you need is all you've got: your wits and the clothes on your back.  Your epitaph is yours to earn.  Your legacy is yours to make."

- Author Unknown