This bill (H.R. 6760) would make permanent tax cuts for individuals in the Tax Cuts and Jobs Act of 2017 that were set to expire at the end of 2025, including lowered tax rates, increased standard deductions (from $13,000 to $24,000 for joint filers), and an increased child tax credit (from $1,000 to $2,000).
The House passed H.R. 6760 on September 28, 2018 by a vote of 220 to 191 (Roll Call 414). We have assigned pluses to the yeas because tax cuts keep money in the hands of those who earned it and can spur economic growth. Unfortunately, however, neither the Tax Cuts and Jobs Act nor this new legislation addresses runaway federal spending, which needs to be reined in via other legislation.
