Political Quotes

On the recordJuly 30, 2010
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 5982) to amend the Internal Revenue Code of 1986 to repeal the expansion of certain information reporting requirements to corporations and to payments for property, to eliminate loopholes which encourage companies to move operations offshore, and for other purposes. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 5982 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Small Business Tax Relief Act of 2010''. (b) Amendment of 1986 Code.--Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. (c) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; amendment of 1986 Code; table of contents. TITLE I--REPEAL OF CERTAIN INFORMATION REPORTING REQUIREMENTS Sec. 101. Repeal of expansion of certain information reporting requirements to corporations and to payments for property. TITLE II--REVENUE PROVISIONS Subtitle A--Foreign Provisions Sec. 201. Rules to prevent splitting foreign tax credits from the income to which they relate. Sec. 202.…
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Mike Levin
Democratic · California

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