H.R.4010: To amend the FederalElection Campaign Act of 1971 to provide for additional disclosure requirements for corporations, labor organizations, andother entities, and for other purposes.
“Small
Business Tax Cut Act - Amends the Internal Revenue Code to allow a qualified
small business a tax deduction equal to 20% of the lesser of qualified domestic
business income or taxable income. Defines: (1) "qualified small
business" as any employer engaged in a trade or business if such employer
had fewer than 500 full-time employees in either 2010 or 2011; and (2)
"qualified domestic business income" as an amount equal to the excess
(if any) of the taxpayer's domestic business gross receipts (i.e., gross
receipts effectively connected with a trade or business within the United States)
for a taxable year over the sum of the cost of goods sold allocable to such
receipts and other expenses, losses, or deductions properly allocable to such
receipts.
Limits the
amount of such deduction to 50% of the greater of: (1) the taxpayer's W-2 wages
(payroll) paid to non-owners of the taxpayer's business; or (2) the sum of the
W-2 wages paid to individuals who are non-owner family members of direct owners
(i.e., stockholders of the business), plus any W-2 wages paid to direct owners
who have an ownership interest in the business of 10% or less.”
Missoulian:
Cybersecurity chief urges action by Congress
“Cybersecurity
Enhancement Act of 2012 - Title I:
Research and Development - (Sec. 103) Directs specified federal
agencies participating in the National High-Performance Computing Program to:
(1) transmit to Congress a cybersecurity strategic research and development
plan and triennial updates, and (2) develop and annually update an
implementation roadmap for such plan.
Instructs the
participating agencies, in developing and updating the strategic plan, to
solicit recommendations and advice from the advisory
Chrandal Fire from Idaho side