There is one summary for H.R.3460. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/17/2011)

American Jobs First Act of 2011 - Amends the Internal Revenue Code to extend the election to deduct dividends received by a domestic corporation from a controlled foreign corporation.  Increases the amount of such deduction by increases in the payroll of the domestic corporation over the previous taxable year.  Requires the Secretary of the Treasury to provide, by regulations, for a recapture of any portion of the increased tax deduction allowed to a domestic corporation if such corporation's payroll decreases during either of the two taxable years following the taxable year in which the increased deduction was allowed.