S. 2592 would amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth.

== Detailed Summary ==

<summary>
(Log in to editEconomic Growth Act of 2008 - Amends the wikiInternal Revenue Code to: (1) repeal the dollar and beother limitations on the firstexpensing allowance of depreciable business assets; (2) reduce to 25% the maximum corporate income tax rate; (3) provide a detailed summaryfor an inflation adjustment to the basis of certain capital assets for purposes of determining gain or loss; and (4) reduce from 35 to 15% the bill!)alternative capital gains tax rate for corporations.
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== Status of the Legislation ==

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Latest Major Action: 2/5/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
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== Points in Favor ==

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== Points Against ==

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