H.R. 5105 - Fair and Simple Tax Act of 2008
Taxation.
- Sponsor:
- David Dreier
- Summary:
- Status:
- The bill has been introduced.
There have been no votes on this bill.
Fair and Simple Tax Act of 2008
H.R. 5105 — 110th Congress (2007–2008)
- Summary
- To amend the Internal Revenue Code of 1986 to reduce taxes by providing an alternative determination of income tax liability for individuals, repealing the estate and gift taxes, reducing corporate income tax rates, reducing the maximum tax for individuals on capital gains and dividends to 10 percent, indexing the basis of assets for purposes of determining capital gain or loss, creating tax-free accounts for retirement savings, lifetime savings, and life skills, repealing the adjusted gross income threshold in the medical care deduction for individuals under age 65 who have no employer health coverage, and for other purposes. (by CRS)
- Learn More
- At OpenCongress
- Title
- To amend the Internal Revenue Code of 1986 to reduce taxes by providing an alternative determination of income tax liability for individuals, repealing the estate and gift taxes, reducing corporate income tax rates, reducing the maximum tax for individuals on capital gains and dividends to 10 percent, indexing the basis of assets for purposes of determining capital gain or loss, creating tax-free accounts for retirement savings, lifetime savings, and life skills, repealing the adjusted gross income threshold in the medical care deduction for individuals under age 65 who have no employer health coverage, and for other purposes.
- Other Titles
- Fair and Simple Tax Act of 2008
- Sponsor
- David Dreier
- Co-Sponsors
- Subjects
- Taxation
- Capital gains tax
- Economic policy
- Estate tax
- Finance
- Gift tax
- Health insurance
- Health policy
- Income tax
- Indexing (Economic policy)
- Individual retirement accounts
- Job training
- Medical care
- Medical economics
- Minimum tax
- Pensions
- Research and development tax credit
- Saving and investment
- Science policy
- Tax deductions
- Tax exemption
- Tax rates
- Tax simplification
- Related Bills
- Major Actions
Introduced 1/23/2008 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 1/23/2008 1/23/2008 Sponsor introductory remarks on measure. (CR H392) 1/23/2008 Referred to the House Committee on Ways and Means. Number Sponsor Date Offered Status
Includes reported contributions to congressional campaigns of House members in office during the 110th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2007 – December 31, 2008.
Contributions data source: OpenSecrets.org
Contributions data source: OpenSecrets.org
