Permanent Tax Cuts for Americans Act

Bill: 115-hr-4886
Sponsor: full_name: Rep. Davis, Rodney [R-IL-13]
Introduced: 2018-01-29
Policy area: Taxation
Subjects: Capital gains tax

Charitable contributions

Disaster relief and insurance

Egypt

Elementary and secondary education

Employment taxes

Higher education

Income tax deductions

Income tax exclusion

Income tax rates

Military personnel and dependents

State and local taxation

Student aid and college costs

Tax administration and collection, taxpayers

Tax reform and tax simplification

Tax treatment of families

Wages and earnings
Latest action: action_date: 2018-01-29
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2018-01-29
action_desc: Introduced in House
text: <p><b>Permanent Tax Cuts for Americans Act</b></p> <p>This bill makes permanent the provisions of subtitle A (Individual Tax Reform) and subtitle B (Alternative Minimum Tax) of P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act) that are currently scheduled to terminate on December 31, 2025. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 4886 IN THE HOUSE OF REPRESENTATIVES January 29, 2018 Mr. Rodney Davis of Illinois (for himself, Mr. Meadows , Mr. Barr , Mr. Gallagher , Mr. McKinley , Mr. Marshall , Mr. Latta , Mrs. Wagner , Mr. Valadao , Mr. Royce of California , Mr. Abraham , Mr. Mitchell , Mr. Ferguson , Mr. Rothfus , Mr. Huizenga , Mr. MacArthur , Ms. McSally , Mr. Curtis , Mr. Johnson of Ohio , Ms. Herrera Beutler , Mr. Smucker , Mr. Bacon , Mr. Poliquin , Mr. Fitzpatrick , Mr. Westerman , Mrs. Brooks of Indiana , Mr. Diaz-Balart , Mr. Renacci , Mr. Rouzer , Mr. Joyce of Ohio , Mr. Rutherford , Mr. Taylor , Mr. Newhouse , Mr. Turner , Mr. Upton , Mr. Moolenaar , Mr. DeSantis , Mr. Denham , Mr. Stivers , Mr. Gibbs , Mrs. Mimi Walters of California , Mr. Bost , Mr. Jenkins of West Virginia , and Mr. Coffman ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To make permanent certain provisions of Public Law 115–97 .

1. Short title This Act may be cited as the Permanent Tax Cuts for Americans Act . 2. Sense of Congress It is the sense of Congress that— (1) the constraints of the budget reconciliation process in the Senate required law makers to sunset certain provisions of Public Law 115–97 ; (2) such provisions included those found within subtitles A and B of such Public Law dealing with the taxation of individuals; (3) making such provisions permanent will provide future tax relief for individual taxpayers across the United States; and (4) instead of waiting until the expiration of such provisions, Congress should act immediately to give certainty to taxpayers. 3. Certain provisions made permanent Any provision of subtitle A or B of Public Law 115–97 , or any amendment made by such a provision, that terminates on December 31, 2025, shall not terminate on such date.