An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.

Bill 115 hr 1, also known as the Tax Cuts and Jobs Act, is a piece of legislation that aims to provide tax relief for individuals and businesses in the United States. The bill was introduced in the House of Representatives in November 2017 and passed by both the House and the Senate in December 2017.

The main goal of the bill is to stimulate economic growth by lowering tax rates for individuals and corporations. It also includes provisions to simplify the tax code and eliminate certain deductions and loopholes. Some of the key provisions of the bill include reducing the number of tax brackets for individuals, increasing the standard deduction, and lowering the corporate tax rate.

The bill has been met with both praise and criticism. Supporters argue that it will boost the economy and create jobs, while opponents argue that it will primarily benefit the wealthy and increase the national debt. Overall, Bill 115 hr 1 represents a significant overhaul of the US tax system and has the potential to have a major impact on the country's economy.