Middle Class Jobs Protection Act of 2008

Summary

Middle Class Jobs Protection Act of 2008 - Amends the Internal Revenue Code to: (1) reduce the maximum corporate income tax rate to 25%; (2) increase the expensing allowance for depreciable business assets to $250,000 in 2008 and 2009; (3) increase to 50% the current year bonus depreciation allowance for certain property placed in service in 2008 and 2009; and (4) allow additional carrybacks for certain net operating losses and for excess business and foreign tax credit amounts arising in 2008 and 2009.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 January 2008

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 16 January 2008

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 January 2008

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 January 2008 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 January 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 January 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 January 2008

  Open at official source

Sponsors

• Rep. Cantor, Eric [R-VA-7] · R · Sponsor
• Jeb Hensarling · R · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• Rep. Campbell, John [R-CA-45] · R · Sponsor
• Kay Granger · R · Sponsor
• Jim Jordan · R · Sponsor
• Patrick McHenry · R · Sponsor
• Rep. Bachmann, Michele [R-MN-6] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• STEVE CHABOT · R · Sponsor
• Tom Price · R · Sponsor
• Sen. Flake, Jeff [R-AZ] · R · Sponsor
• Rep. Feeney, Tom [R-FL-24] · R · Sponsor
• Rep. Davis, David [R-TN-1] · R · Sponsor
• Rep. Brown, Henry E., Jr. [R-SC-1] · R · Sponsor
• Rep. Barrett, J. Gresham [R-SC-3] · R · Sponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Sponsor
• Doug Lamborn · R · Sponsor
• Rep. Akin, W. Todd [R-MO-2] · R · Sponsor
• Rep. Weldon, Dave [R-FL-15] · R · Sponsor
• Rep. Kingston, Jack [R-GA-1] · R · Sponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Sponsor
• Kenny Marchant · R · Sponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Sponsor
• Rep. Souder, Mark E. [R-IN-3] · R · Sponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · R · Sponsor
• Virginia Foxx · R · Sponsor
• Peter Roskam · R · Sponsor
• Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] · R · Sponsor
• Rep. Walberg, Tim [R-MI-5] · R · Sponsor
• Rob Bishop · R · Sponsor
• Trent Franks · R · Sponsor
• Steve King · R · Sponsor
• Rep. Pence, Mike [R-IN-6] · R · Sponsor
• Pete Sessions · R · Cosponsor
• Rep. Bilbray, Brian P. [R-CA-50] · R · Cosponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Cosponsor
• Rep. Wilson, Joe [R-SC-2] · R · Cosponsor
• Rep. Dreier, David [R-CA-33] · R · Cosponsor
• Rep. Keller, Ric [R-FL-8] · R · Cosponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Cosponsor
• Rep. Kline, John [R-MN-2] · R · Cosponsor
• Rep. Neugebauer, Randy [R-TX-19] · R · Cosponsor
• Rep. Paul, Ron [R-TX-22] · R · Cosponsor
• ED ROYCE · R · Cosponsor
• Bill Shuster · R · Cosponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Cosponsor

Showing 48 of 52 sponsors and actors.

Related records

• related to ← Giving Resources and Opportunities to the Workforce Act of 2008
• related to ← Grow American Investment Now Jobs Act of 2008
• related to ← A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2009.
• related to ← Economic Growth Act of 2008
• related to ← A bill to amend the Internal Revenue Code of 1986 to provide a special depreciation allowance for certain property placed in service during 2008 and 2009.