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Bill > HR6658


US HR6658

US HR6658
Protecting Family and Small Business Tax Cuts Act of 2022


summary

Introduced
02/09/2022
In Committee
02/09/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL 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.

AI Summary

This bill, the Protecting Family and Small Business Tax Cuts Act of 2022, aims to make permanent certain provisions of the Tax Cuts and Jobs Act that affect individuals, families, and small businesses. Key provisions include: - Maintaining the individual income tax rate structure and brackets established by the Tax Cuts and Jobs Act, including the 37% top marginal rate. - Making permanent the deduction for qualified business income for pass-through entities. - Preserving the increased standard deduction, expanded child tax credit, and other tax benefits for families and individuals. - Retaining the higher exemption amount for the alternative minimum tax (AMT). - Continuing the limitation on the deduction for state and local taxes, as well as the cap on the mortgage interest deduction. - Repealing the overall limitation on itemized deductions and the deduction for personal exemptions. The bill is intended to ensure that the tax changes benefiting individuals, families, and small businesses enacted under the 2017 Tax Cuts and Jobs Act remain in place beyond their originally scheduled expiration dates.

Committee Categories

Budget and Finance

Sponsors (112)

Rodney Davis (R)* Rick Allen (R),  Jodey Arrington (R),  Brian Babin (R),  Don Bacon (R),  Jim Baird (R),  Troy Balderson (R),  Jim Banks (R),  Andy Barr (R),  Gus Bilirakis (R),  Mike Bost (R),  Kevin Brady (R),  Vern Buchanan (R),  Larry Bucshon (R),  Kat Cammack (R),  Mike Carey (R),  Buddy Carter (R),  David Cawthorn (R),  Steve Chabot (R),  Ben Cline (R),  Tom Cole (R),  Dan Crenshaw (R),  John Curtis (R),  Mario Diaz-Balart (R),  Neal Dunn (R),  Tom Emmer (R),  Randy Feenstra (R),  Drew Ferguson (R),  Brad Finstad (R),  Michelle Fischbach (R),  Scott Fitzgerald (R),  Virginia Foxx (R),  Scott Franklin (R),  Bob Gibbs (R),  Louie Gohmert (R),  Paul Gosar (R),  Kay Granger (R),  Garret Graves (R),  Sam Graves (R),  Morgan Griffith (R),  Michael Guest (R),  Brett Guthrie (R),  James Hagedorn (R),  Vicky Hartzler (R),  Kevin Hern (R),  Yvette Herrell (R),  Jaime Herrera Beutler (R),  Ashley Hinson (R),  Richard Hudson (R),  Bill Huizenga (R),  Christopher Jacobs (R),  Bill Johnson (R),  Mike Johnson (R),  Dave Joyce (R),  John Katko (R),  Mike Kelly (R),  David Kustoff (R),  Darin LaHood (R),  Bob Latta (R),  Jake LaTurner (R),  Debbie Lesko (R),  Blaine Luetkemeyer (R),  Tracey Mann (R),  Brian Mast (R),  Michael McCaul (R),  David McKinley (R),  Cathy McMorris Rodgers (R),  Peter Meijer (R),  Dan Meuser (R),  Carol Miller (R),  Mariannette Miller-Meeks (R),  John Moolenaar (R),  Alex Mooney (R),  Barry Moore (R),  Blake Moore (R),  Markwayne Mullin (R),  Greg Murphy (R),  Dan Newhouse (R),  Ralph Norman (R),  Burgess Owens (R),  Greg Pence (R),  Scott Perry (R),  August Pfluger (R),  Bill Posey (R),  Tom Reed (R),  Guy Reschenthaler (R),  Tom Rice (R),  Mike Rogers (R),  David Rouzer (R),  John Rutherford (R),  María Salazar (R),  Steve Scalise (R),  David Schweikert (R),  Adrian Smith (R),  Jason Smith (R),  Lloyd Smucker (R),  Pete Stauber (R),  Bryan Steil (R),  Greg Steube (R),  Van Taylor (R),  Claudia Tenney (R),  G.T. Thompson (R),  Fred Upton (R),  David Valadao (R),  Beth Van Duyne (R),  Ann Wagner (R),  Tim Walberg (R),  Jackie Walorski (R),  Randy Weber (R),  Brad Wenstrup (R),  Roger Williams (R),  Don Young (R), 

Last Action

Referred to the House Committee on Ways and Means. (on 02/09/2022)

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