Economic Freedom Act of 2010

Summary

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.

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

Timeline

1. 15 April 2010

   Introduced

   Referred to House Ways and Means

   Source: IntroReferral

2. 15 April 2010

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 15 April 2010

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 April 2010

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 April 2010 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2010

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 15 April 2010

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Jordan, Jim [R-OH-4] · R · Sponsor
• Rep. Chaffetz, Jason [R-UT-3] · R · Sponsor
• Rep. Rooney, Thomas J. [R-FL-17] · R · Cosponsor
• Rep. Latta, Robert E. [R-OH-5] · R · Cosponsor
• Rep. Culberson, John Abney [R-TX-7] · R · Cosponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Cosponsor
• Rep. Shadegg, John B. [R-AZ-3] · R · Cosponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Cosponsor
• Rep. Bachmann, Michele [R-MN-6] · R · Cosponsor
• Rep. Price, Tom [R-GA-6] · R · Cosponsor
• Rep. Akin, W. Todd [R-MO-2] · R · Cosponsor
• Rep. Bilbray, Brian P. [R-CA-50] · R · Cosponsor
• Rep. Marchant, Kenny [R-TX-24] · R · Cosponsor
• Rep. Lamborn, Doug [R-CO-5] · R · Cosponsor
• Rep. McClintock, Tom [R-CA-5] · R · Cosponsor
• Rep. Wilson, Joe [R-SC-2] · R · Cosponsor
• Rep. Posey, Bill [R-FL-8] · R · Cosponsor
• Rep. Hensarling, Jeb [R-TX-5] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Kingston, Jack [R-GA-1] · R · Cosponsor
• Rep. Franks, Trent [R-AZ-8] · R · Cosponsor
• Rep. Issa, Darrell [R-CA-48] · R · Cosponsor
• Rep. Fleming, John [R-LA-4] · R · Cosponsor
• Rep. Smith, Lamar [R-TX-21] · R · Cosponsor
• Rep. Tiahrt, Todd [R-KS-4] · R · Cosponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Forbes, J. Randy [R-VA-4] · R · Cosponsor
• Rep. Broun, Paul C. [R-GA-10] · R · Cosponsor
• Rep. Calvert, Ken [R-CA-41] · R · Cosponsor
• Rep. Carter, John R. [R-TX-31] · R · Cosponsor
• Rep. McMorris Rodgers, Cathy [R-WA-5] · R · Cosponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Cosponsor
• Rep. Pence, Mike [R-IN-6] · R · Cosponsor
• Sen. Blackburn, Marsha [R-TN] · R · Cosponsor
• Rep. Coffman, Mike [R-CO-6] · R · Cosponsor
• Rep. Platts, Todd Russell [R-PA-19] · R · Cosponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Cosponsor
• Sen. Moran, Jerry [R-KS] · R · Cosponsor
• Rep. McHenry, Patrick T. [R-NC-10] · R · Cosponsor
• Sen. Flake, Jeff [R-AZ] · R · Cosponsor
• Rep. Wamp, Zach [R-TN-3] · R · Cosponsor
• Rep. Olson, Pete [R-TX-22] · R · Cosponsor
• Rep. Rehberg, Denny [R-MT-At Large] · R · Cosponsor
• Rep. Bono, Mary [R-CA-44] · R · Cosponsor
• Rep. Scalise, Steve [R-LA-1] · R · Cosponsor
• Rep. Barrett, J. Gresham [R-SC-3] · R · Cosponsor
• Rep. Miller, Gary G. [R-CA-42] · R · Cosponsor
• Rep. Sullivan, John [R-OK-1] · R · Cosponsor

Showing 48 of 53 sponsors and actors.

Related records

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