I 115th CONGRESS 1st Session H. R. 2078 IN THE HOUSE OF REPRESENTATIVES April 6, 2017 Mr. Williams introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to simplify individual income and corporate tax rates, to set a maximum on the capital gains rate, to make permanent the deduction for dividends received for repatriated foreign earnings, to reduce the rate of payroll and self-employment taxes, to make 100-percent bonus depreciation permanent, and to repeal the Federal estate and gift taxes.