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H.R. 1: Tax Cuts and Jobs Act

About the bill

The House Republican tax reform bill, H.R. 1 would dramatically reduce corporate and individual income taxes and would increase the deficit by $1.7 trillion over 10 years — — possibly offset by $338 billion saved by repealing the Affordable Care Act’s individual mandate.

Impact on Corporations

The Tax Cuts and Jobs Act, H.R. 1, follows the standard Republican philosophy of trickle-down economics. It includes what would be the largest corporate tax cuts in United States history, intended to incentivize corporations to spend and hire more in the United ...

Sponsor and status

Kevin Brady

Sponsor. Representative for Texas's 8th congressional district. Republican.

Read Text »
Last Updated: Nov 16, 2017
Length: 450 pages
Introduced:

Nov 2, 2017

Status:

Passed House (Senate next) on Nov 16, 2017

This bill passed in the House on November 16, 2017 and goes to the Senate next for consideration.

Prognosis:

46% chance of being enacted according to Skopos Labs (details)

History

Nov 2, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Nov 6, 2017
 
Considered by House Committee on Ways and Means

A committee held a hearing or business meeting about the bill.

Nov 10, 2017
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Nov 13, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. The House Committee on Ways and Means issued the report which may provide insight into the purpose of the legislation.

Nov 14, 2017
 
Considered by House Committee on Rules

A committee held a hearing or business meeting about the bill.

Nov 16, 2017
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 1 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 1 — 115th Congress: Tax Cuts and Jobs Act.” www.GovTrack.us. 2017. November 22, 2017 <https://www.govtrack.us/congress/bills/115/hr1>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.