Senate Version of Tax Cuts and Jobs Act Would Overhaul Tax Code

Senate Version of Tax Cuts and Jobs Act Would Overhaul Tax Code

U.S. Senate Finance Committee

U.S. Senate

The Tax Cuts and Jobs Act, as passed by the Senate Finance Committee, would lower the corporate income tax rate to 20 percent, temporarily lower income tax rates for individuals, eliminate the Affordable Care Act’s individual mandate, and shift the U.S. to a territorial system of international taxation, among many other things.

<a href="/lr/resolve//26rpt">H.R. 1 as passed by House</a>, <a href="/lr/resolve//1xd1h">H.R. 1 as passed by Senate</a>, <a href="/lr/resolve//1xbr0">JCT budgetary estimates</a>, <a href="/lr/resolve//1xc5f">JCT distributional estimates</a>, <a href="/lr/resolve//1xcmq">JCT tax change estimates</a>, <a href="/lr/resolve//1xcq7">JCT macroeconomic analysis</a>, <a href="/lr/resolve//1xcy5">JCT revenue effects estimates</a>.

The Tax Cuts and Jobs Act, as passed by the Senate Finance Committee, would lower the corporate income tax rate to 20 percent, temporarily lower income tax rates for individuals, eliminate the Affordable Care Act’s individual mandate, and shift the U.S. to a territorial system of international taxation, among many other things.

The Tax Cuts and Jobs Act, as passed by the Senate Finance Committee, would lower the corporate income tax rate to 20 percent, temporarily lower income tax rates for individuals, eliminate the Affordable Care Act’s individual mandate, and shift the U.S. to a territorial system of international taxation, among many other things.

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Senate Version of Tax Cuts and Jobs Act Would Overhaul Tax Code