3.0.0 3018 2023-01-11T13:22:21Z 2023-01-11T13:22:21Z House H HR 2011-09-22 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CAPUANO:H.R. 3018.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8: Congress shall have the power to layand collect taxes, duties, imposts, excises, to pay the debtsand provide for the common deference and general welfare ofthe United States.[Page H6414]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-09-22T14:02:00Z 112 3638 HR 2012-02-09 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. Related bill CRS 2011-09-22 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-09-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-09-22 Introduced in House IntroReferral 1000 9 Library of Congress C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 N K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2011-11-01 False Taxation Corporate finance and management Employee hiring Income tax rates Taxation

00 2011-09-22 Introduced in House 2011-10-07T17:39:05Z Corporate Assets Should be used to Hire Act - Amends the Internal Revenue Code to impose on domestic corporations in taxable years beginning in 2011 or 2012 an additional 40% tax on the excess of their retained earnings over their average retained earnings for the preceding 3 taxable years.  Exempts certain corporations from such tax, including corporations with retained earnings of less than $5 million in a taxable year.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2011-09-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3018ih/xml/BILLS-112hr3018ih.xml 2011-09-22 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.