,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ija  ,,in ,,the ,,house ,,of   
,,representatives  ,january #cj1        
#bjai,mr4 ,king of ,iowa 7for himself   
and ,mr4 ,des,jarlais7 introduced the   
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to reestablish the #ae  
percent corporate rate bracket4  #a4    
,short title ,this ,act may be cited as 
the ,restoring ,economic ,opportunities 
for ,small ,family ,c-,corporations4    
#b4 ,reestablishment of #ae percent     
corporate rate bracket  7a7 ,in general 
,section #aa7;b7 of the ,internal       
,revenue ,code of #aihf is amended to   
read as follows3  7b7 ,amount of tax    
,the amount of tax imposed by subsection
 7a7 shall be the sum of-- 7#a7 #ae     
percent of so much of the taxable income
 as does not exceed #ej1jjj1 and  7#b7  
#ba percent of so much of the taxable   
income as exceeds #ej1jjj4  ,in the case
 of a corporation which has taxable     

income in excess of #ajj1jjj for any    
taxable year1 the amount of tax         
determined under the preceding sentence 
for such taxable year shall be increased
 by the lesser of 7,a7 #e percent of    
such excess1 or 7,b7 #c1jjj4  4  7b7    
,conforming amendment ,section #aa of   
such ,code is amended by adding at the  
end the following new subsection3  7e7  
,treatment of certain references ,any   
reference in this title 7or in any other
 provision of law7 to the rate of tax   
imposed by this section shall be treated
 as a reference to the rate of tax      
specified in subsection 7b77#b7 unless  
such reference clearly indicates        
otherwise4  4  7c7 ,effective date ,the 
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjah4