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The Origination Clause, sometimes called the Revenue Clause, [1] [2] is Article I, Section 7, Clause 1 of the U.S. Constitution.The clause says that all bills for raising revenue must start in the U.S. House of Representatives, but the U.S. Senate may propose or concur with amendments, as in the case of other bills.
The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives.The committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other programs including Social Security, unemployment benefits, Medicare, the enforcement of child support laws, Temporary Assistance for Needy Families, foster ...
The Tax Relief for American Families and Workers Act of 2024 is a tax bill in the 118th United States Congress that would amend portions of the Internal Revenue Code of 1986. The bill was approved by the House of Representatives on January 31, 2024, by a bipartisan vote 357–70. [1]
This bill — if enacted — would serve as a stopgap of sorts ahead of a tax debate in 2025, which will center around an array of provisions in the 2017 Trump tax cuts that are set to expire on ...
WASHINGTON (Reuters) -The U.S. House of Representatives on Wednesday overwhelmingly approved a $78 billion bipartisan package of tax breaks for businesses and low-income families that was put on a ...
These include both requirements for the apportionment of direct taxes and the uniformity of indirect taxes, the origination of revenue bills within the House of Representatives, the disallowal of taxes on exports, the General Welfare requirement, the limitation on the release of funds from the treasury except as provided by law, and the ...
On September 27, the House of Representatives passed the Family Savings Act by a vote of a 240–177, and then it passed the American Innovation Act by a vote of 260–156. [289] [290] [291] On September 28, the House of Representatives passed the Protecting Family and Small Business Tax Cuts Act by a vote of 220–191.
The bill is funded largely by changes to another Covid year tax break for business. It passed the House January 31 with strong bipartisan support. The Senate plans to take it up next.