Rep. Buchanan Introduces TCJA Permanency Act to Make 2017 Tax Cuts Permanent
This bill is currently in the early stages of the legislative process and is being reviewed by the House Committee on Ways and Means. It was recently introduced and is considered active, though no further votes or hearings have been scheduled yet.
While this is a top priority for the House majority, it will face strong opposition in the Senate due to its high cost and disagreements over which specific tax breaks to keep.
This bill’s path across every version that has carried it.
Reintroduced
Reintroduced from H.R. 976 (118th), which died when its Congress ended.
H.R. 976 (118th) →Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Homeowners face a permanent mix of changes. The mortgage interest deduction cap stays at $750,000 (down from $1,000,000 pre-2017) and home equity loan interest remains non-deductible. On the other hand, the higher standard deduction means many homeowners no longer need to itemize at all. Homeowners with expensive mortgages in high-cost areas lose the most, while those with smaller mortgages may benefit from simplification.
“$750,000 ($375,000, in the case of a married individual filing a separate return)”
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Signed on July 4, 2025, the 'One Big Beautiful Bill' extended the 2017 tax cuts permanently. Key provisions include a $25,000 tip deduction, a $12,500 overtime deduction, and a $6,000 senior bonus deduction. However, the law faces criticism for adding to the deficit and cutting social programs.
House Republicans passed a $4.5 trillion package that solidifies the 2017 Tax Cuts and Jobs Act as permanent law. The bill includes a permanent 20% pass-through deduction for small businesses and raises the SALT deduction cap to $40,000 through 2029.
Rep. Vern Buchanan introduced the TCJA Permanency Act to prevent 23 provisions of the 2017 tax law from expiring in 2025. The bill aims to lock in lower individual rates, the doubled child tax credit, and the 20% small business deduction to provide certainty for families and entrepreneurs.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
TCJA Permanency Act
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