Commemorating the one-year anniversary of the enactment of the Working Families Tax Cuts.
Anniversary of the Working Families Tax Cuts
This bill is currently in the early stages of the legislative process. It has been sent to the House Committee on Ways and Means for review. There are no upcoming votes scheduled at this time.
Legislative Progress
This is a non-binding resolution that celebrates a major achievement of the current House majority, making it very likely to be approved.
Key Points
- This resolution celebrates the one-year anniversary of a major tax law. It lists the ways the law has helped people, like cutting taxes for 140 million Americans and preventing a large tax increase that would have cost the average family thousands of dollars.
- The resolution highlights specific benefits for workers, such as ending taxes on tips and overtime pay. It also mentions new tax breaks for seniors and families who buy American-made cars or pay for the costs of adopting a child.
- It points out how the tax law supported small businesses and farmers. It mentions that the law made it easier for business owners to buy new equipment and protected family farms from being taxed heavily when they are passed down to children.
- Beyond taxes, the resolution notes that the law funded other national priorities. These include billions of dollars for rural health care, new technology for border security, and money to modernize the military and improve the lives of people in the service.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Ways and Means.
Submitted in House
Votes
No votes have been recorded for this legislation yet.
News
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Source Information
Document Type
Congressional Bill
Official Title
Commemorating the one-year anniversary of the enactment of the Working Families Tax Cuts.
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.