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GOP Rep's Jobs Bill Would Abolish Corporate Taxes

Gohmert's plan beats Obama's to House
By Rob Quinn,  Newser Staff
Posted Sep 15, 2011 2:00 AM CDT
GOP Rep's Jobs Act Abolishes Corporate Taxes
"It is a very simple bill, which will eliminate the corporate tax which serves as a tariff that our American companies pay on goods they produce here in America," Gohmert says.   (AP Photo/Harry Hamburg)

(Newser) – Louie Gohmert and President Obama's plans to get Americans back to work have the same name—the American Jobs Act of 2011—but that's where the similarities end. Rep. Gohmert, a Republican from Texas, introduced legislation to the House yesterday that would reduce the corporate tax rate from 35% to zero, reports the Raw Story.

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"My bill is not the president's bill, it's a real job creator," said Gohmert shortly after filing the two-page plan, which beat Obama's 155-page bill to the House. Critics took issue with Gohmert's claim that boosting corporate revenue by doing away with corporate taxes would spur job growth, noting that American corporations are already sitting on trillions of dollars. (Read more job creation stories.)

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