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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
1/13/2010--Introduced. Business Should Mind Its Own Business Act - Amends the Internal Revenue Code to impose on corporations a 500% excise tax on the total amount of their campaign contributions and electioneering communications on behalf of a candidate for federal office. Denies such corporations a tax deduction for payment of such taxes.