Bill > HR6169

Introduced Session

Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012 - States that the purpose of this Act is to provide for the enactment of comprehensive tax reform in 2013 that: (1) protects taxpayers by creating a fairer, simpler, flatter tax code; (2) is comprehensive; (3) results in tax revenue consistent with historical norms; (4) spurs greater investment, innovation and job creation; and (5) makes American workers and businesses more competitive. Defines a "tax reform bill" for purposes of this Act as a bill to be introduced by the chair of the House Committee on Ways and Means not later than April 30, 2013, that is certified by the chair of the Joint Committee on Taxation as containing proposals to: (1) consolidate the 6 current individual income tax brackets into a maximum of 2 brackets (of 10% and not higher than 25%), (2) reduce the corporate income tax rate to not more than 25%, (3) repeal the alternative minimum tax (AMT), (4) broaden the tax base so that tax revenues comprise between 18% and 19% of Gross Domestic Product (GDP), and (5) reform the current system of foreign taxation. Provides for the expedited consideration of such bill in the House of Representatives and the Senate.

AI Summary

David Dreier (R)*,  Rick Berg (R),  Diane Black (R),  Charles Boustany (R),  Kevin Brady (R),  Dave Camp (R),  Geoff Davis (R),  Jim Gerlach (R),  Sam Graves (R),  Wally Herger (R),  Lynn Jenkins (R),  Sam Johnson (R),  Kenny Marchant (R),  Richard Nugent (R),  Tom Reed (R),  Peter Roskam (R),  Aaron Schock (R),  Tim Scott (R),  Pete Sessions (R),  Adrian Smith (R),  Patrick Tiberi (R),  Daniel Webster (R),  Rob Woodall (R), 

Pursuant to the provisions of H. Res. 747, H.R. 6169 is laid on the table. (on 08/02/2012)

Official Document