Ways and Means

Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act will deliver real tax relief to Americans across the country – especially low- and middle-income Americans who have been struggling for far too long to earn a raise and get ahead. With this bill, a typical middle-income family of four, earning $59,000 (the median household income), will receive a $1,182 tax cut.

Learn why the new tax plan is good for America

Learn what our bill does


Lowers individual tax rates for low- and middle-income Americans

to Zero, 12%, 25%, and 35% so people can keep more of the money they earn throughout their lives, and continues to maintain 39.6% for Americans who make more than 1 million or more.

Significantly increases the standard deduction

to protect roughly double the amount of what you earn each year from taxes – from $6,350 to $12,000 for individuals and $12,700 to $24,000 for married couples.

Eliminates special-interest deductions

that increase rates and complicate Americans’ taxes – so an individual or family can file their taxes on a form as simple as a postcard.

Takes action to support American families

by expanding and enhancing important family-focused tax benefits

Establishing a new Family Credit, which includes expanding the Child Tax Credit

from $1,000 to $1,600 to help parents with the cost of raising children, and providing a credit of $300 for each parent and non-child dependent to help all families with their everyday expenses.

Preserving the Child and Dependent Care Tax Credit

to help families care for their children and older dependents such as a disabled grandparent who may need additional support.

Reduces the tax rate on the hard-earned business income of Main Street job creators

to no more than 25% – the lowest tax rate on small business income since World War II.

Lowers the corporate tax rate to 20%

– down from 35%, which today is the highest in the industrialized world – the largest reduction in the U.S. corporate tax rate in our nation’s history.


Simple, Fair "Postcard" Filing

Today, American families spend countless hours and dollars each year just to file their taxes. Under our tax reform plan, all of that will change. We take action to simplify the code so dramatically that 9 out of 10 Americans will be able to file their taxes on a form as simple as a postcard.


Ways and Means Committee Seal

Press Releases

EPISODE TWO: “Between Two Chambers” Featuring Rep. Kristi Noem & Sen. Cory Gardner

In the second episode of the Ways and Means Committee’s series “Between Two Chambers,” Rep. Kristi Noem (R-SD) and Sen. Cory Gardner (R-CO) discuss how the House and Senate are working together ...

The People’s Tax Code

Yesterday, House Republicans passed the Tax Cuts and Jobs Act – ...

Brady Applauds Senate Finance Committee’s Historic Action on Tax Reform

WASHINGTON, D.C. – House Ways and Means Committee Chairman Kevin Brady (R-TX) issued the following statement after the Senate Finance Committee

HOUSE PASSED: Historic Legislation to Overhaul Nation’s Tax Code for 1st Time in 31 Years

WASHINGTON, D.C. – House Ways and Means Committee Chairman Kevin Brady (R-TX) and Tax Policy Subcommittee Chairman Peter Roskam (R-IL) released the following statements today ...

Resources

Tax Cuts and Jobs Act: What You Need to Know

Tax Cuts and Jobs Act: Communications and Policy Details

Taxpayer Examples: How the Tax Cuts and Jobs Act Helps Americans of All Walks of Life

Tax Cuts and Jobs Act: Charge and Response

What Our Historic Tax Reform Means for You and Your Family

In the News