To amend the Internal Revenue Code of 1986 to make permanent certain provisions of the Tax Cuts and Jobs Act affecting individuals, families, and small businesses, and for other purposes.
2/1/2025, 9:06 AMSummary of Bill HR 137
Bill 119 hr 137, also known as the "Tax Cuts and Jobs Act," aims to make permanent certain provisions of the Internal Revenue Code of 1986 that impact individuals, families, and small businesses. The bill seeks to extend tax cuts that were originally implemented under the Tax Cuts and Jobs Act, which was passed in 2017.Some of the key provisions that would be made permanent under this bill include tax cuts for individuals and families, as well as tax breaks for small businesses. These provisions are intended to stimulate economic growth and provide relief for taxpayers.
In addition to making these tax cuts permanent, the bill also includes other measures that aim to simplify the tax code and make it easier for individuals and businesses to comply with tax laws. This includes provisions that would streamline the tax filing process and reduce the burden of tax compliance for small businesses. Overall, Bill 119 hr 137 seeks to build upon the tax cuts and reforms that were implemented under the Tax Cuts and Jobs Act in order to provide long-term relief for individuals, families, and small businesses. The bill is currently under consideration in Congress and has garnered support from lawmakers who believe that these tax cuts are essential for promoting economic growth and prosperity.
Current Status of Bill HR 137
Bill HR 137 is currently in the status of Bill Introduced since January 3, 2025. Bill HR 137 was introduced during Congress 119 and was introduced to the House on January 3, 2025. Bill HR 137's most recent activity was Referred to the House Committee on Ways and Means. as of January 3, 2025Bipartisan Support of Bill HR 137
Total Number of Sponsors
11Democrat Sponsors
0Republican Sponsors
11Unaffiliated Sponsors
0Total Number of Cosponsors
275Democrat Cosponsors
0Republican Cosponsors
275Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 137
Primary Policy Focus
Alternate Title(s) of Bill HR 137
To amend the Internal Revenue Code of 1986 to make permanent certain provisions of the Tax Cuts and Jobs Act affecting individuals, families, and small businesses, and for other purposes.To amend the Internal Revenue Code of 1986 to make permanent certain provisions of the Tax Cuts and Jobs Act affecting individuals, families, and small businesses, and for other purposes.Comments
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Sponsors and Cosponsors of HR 137
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