Bill115th CongressFiled Jan 10, 2018Taxation
S. 2291
A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax rates in effect for taxable years 2018 through 2025.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Jan 10, 2018)
This bill amends the Internal Revenue Code to make permanent provisions included in P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act) that: (1) reduced the individual tax rates, and (2) modified the taxation of the unearned income of children. The existing individual tax rates (10%, 12%, 22%, 24%, 32%, 35%, and 37%) are currently scheduled to expire and revert to higher rates at the end of 2025.
What just happenedJan 10, 2018
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Cruz, Ted [R-TX](R-TX)Sponsor
1committees2actions4related bills3subjects
- Introduced in SenateJan 10, 2018
- Jan 10, 2018IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jan 10, 2018IntroReferral10000
Introduced in Senate