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Permanent Tax Cuts for Americans Act

 

Click on the Title to LINK to the original BILL in CONGRESS.GOV

Sponsor: Rep. Davis, Rodney [R-IL-13] (Introduced 01/29/2018)
Constitutional Authority Statement
[Congressional Record Volume 164, Number 19 (Monday, January 29, 2018)]
From the Congressional Record Online through the Government Publishing Office [

www.gpo.gov

]
By Mr. RODNEY DAVIS of Illinois:
H.R. 4886.
Congress has the power to enact this legislation pursuant to the following:
Article I, Section 8, Clause 1 of the Constitution of the
United States.
[Page H677]

 

Summary

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.

To make permanent certain provisions of Public Law 115–97.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.

This Act may be cited as the “Permanent Tax Cuts for Americans Act”.

SEC. 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.

SEC. 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.

U.s. congressman Rodney davis proudly representing the 13th district of illinois

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