II 112th CONGRESS 1st Session S. 1738 IN THE SENATE OF THE UNITED STATES October 19, 2011 Mr. Cornyn (for himself, Mr. Crapo, Mr. Rubio, Mrs. Hutchison, and Mr. Burr) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To rescind the 3.8 percent tax on the investment income of the American people and to promote job creation and small businesses.

1.

Short title

This Act may be cited as the Economic Growth and Jobs Protection Act of 2011.

2.

Repeal of unearned income Medicare contribution

Subsection (a) of section 1402 of the Health Care and Education Reconciliation Act of 2010 (Public Law 111–152) and the amendments made by such subsection are repealed.