Missouri's 7th District, U.S. House of Representatives




Congressional Issues 2012
Corporate Fraud

Congress should
  • clarify that the criminal penalties in the Sarbanes-Oxley Act require proof of malign intent and personal responsibility for some illegal act,

  • repeal the Williams Act of 1968,

  • approve the deduction of one-half of dividend payments from the earnings subject to the corporate income tax,

  • eliminate the limit on salaries that may be deducted from the earnings subject to the corporate income tax.

  • not throw stones at fiscal mismanagement in private sector corporations
  • eliminate taxes which discourage dividends and encourage retained earnings.

Foundation for Economic Education

The Corporation in a Libertarian Society

next: Antitrust

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