Commemorating the one-year anniversary of the enactment of the Working Families Tax Cuts.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This resolution commemorates the one-year anniversary of the Working Families Tax Cuts, a significant tax reform that provides tax relief to millions of Americans. The bill highlights numerous provisions designed to benefit families, small businesses, seniors, and workers, including expanded deductions, tax credits, and investments in rural healthcare and border security. It emphasizes the positive impact of these changes on American wallets and the economy.
Key provisions
- Expanded deductions for tipped and overtime workers
- Increased child tax credit and inflation protection
- Increased standard deduction for taxpayers
- Expanded adoption tax credit
- Doubled death tax exemption for family farms and small businesses
- Permanent small business deduction
- Investment in rural health care through the Rural Health Transformation Program
- Funding for border security technology and personnel
Who is affected
- American families
- Small businesses
- Seniors
- Workers
- Taxpayers
Notable changes
- Elimination of taxes on tips and overtime
- Permanent simplification of tax filing
- Inflation protection for the child tax credit
- Doubling of the death tax exemption
- Banning of a natural gas tax for 10 years
Bill text
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1 on record
Primary sponsor
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