[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 359 Introduced in House (IH)]

113th CONGRESS
  1st Session
H. RES. 359

 Expressing the sense of the House of Representatives that tax reform 
    should jointly address corporate and pass-through entities in a 
fiscally responsible manner, and that reform should reduce the current 
tax rate differences between corporate and pass-through entities while 
       maintaining adequate forms of organization for businesses.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 25, 2013

Mr. Schneider (for himself, Mr. Carney, Mr. Mulvaney, and Mr. Scalise) 
submitted the following resolution; which was referred to the Committee 
                           on Ways and Means

_______________________________________________________________________

                               RESOLUTION


 
 Expressing the sense of the House of Representatives that tax reform 
    should jointly address corporate and pass-through entities in a 
fiscally responsible manner, and that reform should reduce the current 
tax rate differences between corporate and pass-through entities while 
       maintaining adequate forms of organization for businesses.

Whereas pass-through entities such as S corporations, partnerships, limited 
        liability companies, and sole proprietorships account for more than 90 
        percent of all business entities;
Whereas the Internal Revenue Service reports 4.5 million S corporations, 3.5 
        million partnerships and limited liability companies, 23 million sole 
        proprietorships, and less than 2 million C corporations;
Whereas pass-through entities employ 54 percent of the private sector workforce;
Whereas pass-through entities are taxed at individual income tax rates; and
Whereas the top pass-through tax rate is now 39.6 percent for taxable income 
        above $400,000 and the top corporate income tax rate is 35 percent: Now, 
        therefore, be it
    Resolved, That it is the sense of the House of Representatives that 
tax reform should jointly address corporate and pass-through entities 
in a fiscally responsible manner, and that reform should reduce the 
current tax rate differences between corporate and pass-through 
entities while maintaining adequate forms of organization for 
businesses.
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