There is one summary for H.R.4518. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/10/2016)

Corporate Rate Equality and Trade Empowerment Jobs Act of 2016 or the Create Jobs Act

This bill amends the Internal Revenue Code to lower the rate of tax on the taxable income of corporations to the greater of: (1) 10%, or (2) the rate that is 5% below the average corporate income tax rate for Organization for Economic Co-operation and Development countries other than the United States. The bill also sets forth a procedure for a congressional joint resolution approving an increase in the corporate tax rate.