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119-hres-1383119th Congress

Commemorating the one-year anniversary of the enactment of the Working Families Tax Cuts.

Sponsored By: Representative Van Duyne, Beth [R-TX-24]

In Committee

Summary

Permanent, wide-reaching tax reform that the resolution says cuts taxes for families, workers, seniors, and small businesses. The document highlights many changes including a bigger child tax credit, no tax on tips or overtime, expanded standard deductions, support for small businesses, a $50 billion rural health program, and investments in energy and border security.

Show full summary
  • Families and children benefit from a larger child tax credit of $2,200 for about 40 million families and expanded standard deductions used by roughly 127 million filers. These changes aim to lower tax bills and simplify filing for many households.
  • Workers and seniors get targeted breaks, including a “no tax on tips” provision for over 7.5 million tipped workers and a “no tax on overtime” change affecting about 29 million workers. The law also cites an average deduction of $7,500 for about 35 million seniors.
  • Small businesses and rural communities gain permanent small business deduction certainty for about 34 million firms and a $50 billion Rural Health Transformation Program. The resolution also points to incentives for domestic manufacturing, research, and predictable energy leasing.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Van Duyne, Beth [R-TX-24]

TX • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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