Rep. Goldman Introduces Afterschool for All Act to Boost Funding by $9 Billion and Raise Corporate Taxes
The Afterschool for All Act was recently introduced in the House and is currently being reviewed by two committees. It is in the early stages of the legislative process and is considered active. There are no upcoming votes scheduled at this time.
Raising the corporate tax rate is a major political hurdle that usually faces strong opposition, making it difficult for this bill to pass without broad support.
The one-percentage-point corporate tax rate increase from 21% to 22% would affect businesses organized as C-corporations, including some small businesses. While many small businesses are pass-through entities and would not be directly affected, those structured as C-corps would see a modest increase in their tax burden.
“Section 11(b) of the Internal Revenue Code of 1986 is amended by striking ``21'' and inserting ``22''.”
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
No related news coverage found for this legislation yet.
Document Type
Congressional Bill
Official Title
Afterschool for All Act
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