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HR 4995 110th Congress House

Middle Class Jobs Protection Act of 2008

Official title: To amend the Internal Revenue Code of 1986 to reduce corporate marginal income tax rates, and for other purposes.

Introduced: March 4, 2008 See on congress.gov
Taxation CommerceCorporation taxesDepreciation and amortizationForeign tax credit
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Income taxLossesTax creditsTax deductionsTax rates
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 16, 2008
Referred to the House Committee on Ways and Means.
Jan 16, 2008
Introduced in House
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 Latest action January 16, 2008

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Middle Class Jobs Protection Act of 2008 - Amends the Internal Revenue Code to: (1) reduce the maximum corporate income tax rate to 25%; (2) increase the expensing allowance for depreciable business assets to $250,000 in 2008 and 2009; (3) increase to 50% the current year bonus depreciation allowance for certain property placed in service in 2008 and 2009; and (4) allow additional carrybacks for certain net operating losses and for excess business and foreign tax credit amounts arising in 2008 and 2009.

 Related & companion bills 5
  • HR 5107 Related bill Giving Resources and Opportunities to the Workforce Act of 2008
  • HR 5169 Related bill Grow American Investment Now Jobs Act of 2008
  • S 2539 Related bill A bill to amend the Internal Revenue Code of 1986 to provide a special depreciation allowance for certain property plac…
  • S 2540 Related bill A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2…
  • S 2592 Related bill Economic Growth Act of 2008
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Republican 6
R
McCaul, Michael T.
Texas · Apr 8, 2008
Sali, Bill
· Mar 4, 2008
 R
Sessions, Pete
Texas · Jan 22, 2008
 R
Wilson, Joe
South Carolina · Jan 22, 2008
Davis, David
· Jan 16, 2008
 R
Foxx, Virginia
North Carolina · Jan 16, 2008
 R
Jordan, Jim
Ohio · Jan 16, 2008
 R
Walberg, Tim
Michigan · Jan 16, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4995: Middle Class Jobs Protection Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-4995/
MLA
"H.R. 4995: Middle Class Jobs Protection Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-4995/.
Bluebook (legal)
H.R. 4995, 110th Cong. (2026), https://openamerica.io/bill/110-HR-4995/.
Markdown link
[H.R. 4995: Middle Class Jobs Protection Act of 2008](https://openamerica.io/bill/110-HR-4995/)
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