To amend the Internal Revenue Code of 1986 to reduce the corporate income tax rate to 10 percent and to lower the rate of tax on capital gains and dividends to 10 percent.

Cost and committee reports

Official records Congress.gov attaches to H.R. 1074.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. TIPTON, as printed in the Congressional Record (Page H1797):
  Article I, Section 8, Clause 1: The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States.
  Source: Congress.gov, record updated January 3, 2025 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  293 characters

  Congress.gov bill record

  H.R. 1074, 112th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/112/hr/1074

  Record last updated by Congress.gov

  January 3, 2025

  PORKER copy retrieved

  September 25, 2026

  Stored copy, SHA-256 of the file

  3062997739051e3004d828b6a97455d9a14a113f63b9c5b4f83f879a72f3f865

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of January 3, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 1074, last updated January 3, 2025. PORKER’s copy was retrieved September 25, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.