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
Sponsor. Representative for Texas's 8th congressional district. Republican.
Last Updated: Nov 16, 2017
Length: 450 pages
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:
Civic Impulse. (2017). H.R. 1 — 115th Congress: Tax Cuts and Jobs Act. Retrieved from https://www.govtrack.us/congress/bills/115/hr1?utm_campaign=govtrack_feed&utm_source=govtrack/feed&utm_medium=rss
“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?utm_campaign=govtrack_feed&utm_source=govtrack/feed&utm_medium=rss>
|title=H.R. 1 (115th)
|accessdate=November 22, 2017
|author=115th Congress (2017)
|date=November 2, 2017
|quote=Tax Cuts and Jobs Act
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.