HR 4995 · 110th Congress 2007–2009, ended

Middle Class Jobs Protection Act of 2008

Introduced Jan 16, 2008 Originated House Sponsor Eric Cantor R-VA

Fact sheet

Latest action · Jan 16, 2008 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJan 16, 2008
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Middle Class Jobs Protection Act of 2008 - Amends the Internal Revenue Code to: (1) reduce the maximum corporate income tax rate to 25%; (2) increase the expensing allowance for depreciable business assets to $250,000 in 2008 and 2009; (3) increase to 50% the current year bonus depreciation allowance for certain property placed in service in 2008 and 2009; and (4) allow additional carrybacks for certain net operating losses and for excess business and foreign tax credit amounts arising in 2008 and 2009.

Cosponsors 50

Members who signed on, in the order they did. Signatures ran from Jan 16, 2008 to Apr 8, 2008, with 34 there on the day it was introduced.

SeatCosponsorSigned on
R-FLDave WeldonOriginalJan 16, 2008
R-TNDavid DavisOriginalJan 16, 2008
R-CODoug LambornOriginalJan 16, 2008
R-SCHenry E. Brown, Jr.OriginalJan 16, 2008
R-SCJ. Gresham BarrettOriginalJan 16, 2008
R-GAJack KingstonOriginalJan 16, 2008
R-TXJeb HensarlingOriginalJan 16, 2008
R-AZJeff FlakeOriginalJan 16, 2008
R-OHJim JordanOriginalJan 16, 2008
R-CAJohn CampbellOriginalJan 16, 2008
R-NYJohn R. "Randy" Kuhl Jr.OriginalJan 16, 2008
R-CAJohn T. DoolittleOriginalJan 16, 2008
R-PAJoseph R. PittsOriginalJan 16, 2008
R-TXKay GrangerOriginalJan 16, 2008
R-TXKenny MarchantOriginalJan 16, 2008
Show all 50 cosponsors

Actions 2

Everything that happened, newest first.

  1. Jan 16, 2008Introduced in House
  2. Jan 16, 2008Referred to the House Committee on Ways and Means.

Related bills 5

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 2539A bill to amend the Internal Revenue Code of 1986 to provide a special depreciation allowance for certain property placed in service during 2008 and 2009.Related billJan 22, 2008
S 2540A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2009.Related billJan 22, 2008
S 2592Economic Growth Act of 2008Related billFeb 5, 2008
HR 5107Giving Resources and Opportunities to the Workforce Act of 2008Related billJan 23, 2008
HR 5169Grow American Investment Now Jobs Act of 2008Related billJan 29, 2008

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Jan 16, 2008Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.