S. 85 · 112th Congress
Restoring America's Competitiveness in Enterprise (RACE) Act of 2011
- Stage
- In committee
- Sponsor
- Mike Johanns
- Introduced
- 2011-01-25
- Latest action
- 2011-01-25 · Introduced in Senate
Summary
Restoring America's Competitiveness in Enterprise (RACE) Act of 2011 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations, including personal service corporations, to 20% of taxable income over $50,000.