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On November 9, 2017, the House Ways and Means Committee passed the bill on a party-line vote, advancing the bill to the House floor. [81] The House passed the bill on November 16, 2017, on a mostly-party line vote of 227–205. No Democrat voted for the bill, while 13 Republicans voted against it.
The Republican Party retained their majority in both the House and the Senate, and, with inauguration of Donald Trump on January 20, 2017, attained an overall federal government trifecta for the first time since the 109th Congress in 2005.
The Missouri Republican highlighted how the 2017 Tax Cuts and Jobs Act raised this popular annual credit from $1,000 to $2,000, but will expire at the end of the year if Congress takes no action.
The bills of the 117th United States Congress list includes proposed federal laws that were introduced in the 117th United States Congress.. The United States Congress is the bicameral legislature of the federal government of the United States consisting of two houses: the lower house known as the House of Representatives and the upper house known as the Senate.
House and Senate Republicans have come to a preliminary final agreement on their compromise tax bill. The compromise bill would cut the corporate tax rate to 21% — instead of 20% in the original ...
If new tax legislation passes, half a million kids could be lifted out of poverty by 2025. ... A new tax package is winding its way through the House, with some Democrats and Republicans coming to ...
H.R. number Date of introduction Short title Description H.R. 10: April 26, 2017 Financial CHOICE Act of 2017: To create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that ...
The 2017 Tax Cuts and Jobs Act implemented by the Trump administration resulted in slashing the corporate tax rate by 14%, cutting individual income tax rates and increasing the standard deduction.