HB+60

HB 60

Title: Cut Taxes And Raise The Economy

Sponsors: D Wood-New York Republican B Hershman-Texas Republican T Thomas-California Republican

Purpose: What we intend to do with this bill is that, we want to try and boost the economy and get it rolling again.

Eligibility: This bill applies to any business that produces their goods overseas and not in the USA.

Terms And Benefits: To do this we are going to give tax cuts to businesses that manufacture, assemble, produce etc. their goods in the United States. The amount of these tax cuts depends on the size of the business. If they do not follow through with this request their taxes are going to increase significantly, to the point where they have no other choice than to except our request or they will go into bankruptcy. This is going to benefit the economy in several ways: 1. Many new job opportunities will become available to Americans. 2. The U.S. dollar will stay more contained in America, therefore raising the value of a dollar. 3. Jobs where people have been laid off, for example in steel mills will become avaliable again. These are just a few examples of what this bill can acomplish.

Fiscal Impact


 * Categories:**

Equipment: $0-Not Necessary

Labor: $5,000,000-Salaries for Government Officials who go around America checking business documentation to make sure everything they are doing goes by the bill and is all legal.

Energy Resources: $0-Not Necessary

Education: $2,000,000-Training of Goverment Officials

Marketing: $2,500,000- Informing all businesses of all the requirements of the bill.

Transportation: $500,000-Plane tickets for Goverment Officials to travel aruond America checking businesses, every 6 months.

Legal: $0-Not Necessary

Other: $10 Billion-Estimated amount of money the goverment will not make off taxes from major companies.

Total $10,010,000,000