Representative Gohmert's bill is not nearly as thick as President Obama's, but each, in its own way, purports that it will achieve the same goals.
The good news is that I can explain all of the provisions of Representative Gohmert's bill to you here in a clear and concise manner.
- Effective for taxable years beginning after December 31, 2011, the corporate income tax shall be zero percent of corporate income.
- Effective for taxable years beginning after December 31, 2011, the amount of the Corporate Alternative Minimum Tax shall be zero.
That's it. This is not an April Fool's joke.
Whose bill do you like better?