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The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
The United States Secretary of Health and Human Services and heads of other U.S. executive departments should waive, defer, grant exemptions or delay implementation any requirements of the act that would place fiscal burdens on any State or a cost, fee, tax, penalty, or regulatory burden on individuals, families, healthcare providers, health ...
The Tax Relief for American Families and Workers Act is a $78 billion package that would expand the Child Tax Credit (a tax benefit that provides money to parents), restore business tax breaks, increase federal funding for states to encourage the development of low-income housing, deepen economic ties between the United States and Taiwan and end a pandemic-era employer tax benefit.
The act allows a president to withhold funds in certain specific circumstances for limited periods of time and requires the president to send a special message to Congress explaining the action.
CBO forecasts that the 2017 Tax Act will increase the sum of budget deficits (debt) by $2.289 trillion over the 2018–2027 decade, or $1.891 trillion after macro-economic feedback. [107] CBO and JCT estimate of the distribution of impact by income group (average dollars per taxpayer) under the Tax Cuts and Jobs Act.
The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, [1] created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal ...
A January 9, 2017 Congressional Research Service report entitled "Legislative Actions to Repeal, Defund, or Delay the Affordable Care Act," noted that since ACA was passed in 2010, Congress has been deeply divided over the ACA. Lawmakers opposed to specific provisions in the ACA or the entire law have repeatedly debated its implementation and ...
CBO report on the Bipartisan Health Care Stabilization Act of 2017. The Bipartisan Health Care Stabilization Act of 2017 (colloquially known as the Alexander-Murray bill) was a 2017 proposed compromise reached by senator and HELP Committee chairman Lamar Alexander and senator and HELP Committee ranking member Patty Murray to amend the Affordable Care Act to fund cost-sharing reductions ...