I 
111TH CONGRESS 
1ST SESSION 
H. R. 301 
To amend the Internal Revenue Code of 1986 to prevent pending tax in-
creases and to provide additional tax reductions to stimulate economic 
growth. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 8, 2009 
Mr. NEUGEBAUER introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to prevent 
pending tax increases and to provide additional tax re-
ductions to stimulate economic growth. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Economic Growth 
Through Tax Stimulus Act of 2009’’. 
SEC. 2. EGTRRA, JGTRRA, AND CERTAIN OTHER TAX RE-
LIEF MADE PERMANENT. 
(a) ECONOMIC GROWTH
AND TAX RELIEF REC-
ONCILIATION ACT OF 2001.—Title IX of the Economic 
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after 2006 and before 2011)’’ and inserting 
‘‘$500,000’’. 
(3) 
INFLATION
ADJUSTMENTS.—Section 
179(b)(5)(A) of such Code (relating to inflation ad-
justments) is amended by striking ‘‘and before 
2011’’. 
(4) 
REVOCATION
OF
ELECTION.—Section 
179(c)(2) of such Code (relating to election irrev-
ocable) is amended by striking ‘‘and before 2011’’. 
(5) COMPUTER SOFTWARE.—Clause (ii) of sec-
tion 179(d)(1)(A) of such Code is amended by strik-
ing ‘‘and before 2011’’. 
(f) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on the date of the enactment 
of this Act. 
SEC. 3. TEMPORARY REDUCTION IN INDIVIDUAL TAX 
RATES. 
(a) IN GENERAL.—Section 1 of the Internal Revenue 
Code of 1986 is amended by adding at the end the fol-
lowing new subsection: 
‘‘(j) ECONOMIC STIMULUS RATE REDUCTIONS.—In 
the case of taxable years beginning in a calendar year 
after 2008 and before 2014— 
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‘‘(1) the 10 percent and 15 percent rates of tax 
specified in subsection (i)(1) shall each be reduced 
by 5 percentage points, 
‘‘(2) the last line of the table in subsection 
(i)(2) shall be applied by substituting— 
‘‘(A) ‘20.0%’ for ‘25.0%’, 
‘‘(B) ‘23.0%’ for ‘28.0%’, 
‘‘(C) ‘25.0%’ for ‘33.0%’, and 
‘‘(D) ‘25.0%’ for ‘35.0%’, and 
‘‘(3) the adjustment of the tables prescribed 
under subsection (f) required by subsection (i)(3) 
shall be further adjusted to carry out this sub-
section.’’. 
(b) CONFORMING AMENDMENT.—Section 15 of such 
Code is amended by adding at the end the following new 
subsection: 
‘‘(g) ECONOMIC STIMULUS RATE REDUCTIONS.— 
This section shall not apply to any change in rates under 
subsection (j) of section 1 (relating to economic stimulus 
rate reductions).’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2008. 
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SEC. 4. REDUCTION IN CORPORATE INCOME TAX RATES. 
(a) IN GENERAL.—Section 11 of the Internal Rev-
enue Code of 1986 is amended by adding at the end the 
following new subsection: 
‘‘(e) ECONOMIC STIMULUS RATE REDUCTIONS.—In 
the case of taxable years beginning in a calendar year 
after 2008 and before 2014— 
‘‘(1) subsection (b)(1) shall be applied by dis-
regarding— 
‘‘(A) ‘but does not exceed $75,000,’ in sub-
paragraph (B) thereof, 
‘‘(B) subparagraphs (C) and (D) thereof, 
and 
‘‘(C) the last 2 sentences, 
‘‘(2) subsection (b)(2) shall be applied by sub-
stituting ‘25 percent’ for ‘35 percent’, and 
‘‘(3) paragraphs (1) and (2) of section 1445(e) 
shall each be applied by substituting ‘25 percent’ for 
‘35 percent’.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2008. 
Æ 
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