# Plain Language Summary: Making Tax Cuts Permanent

This bill would make permanent the individual tax cuts that were passed as part of a major tax reform law. Right now, most of those tax cuts are set to expire at the end of 2025, which means your taxes would go back up unless Congress acts. This bill would keep those tax cuts in place indefinitely instead of letting them disappear.

Here's what this means for everyday people: If this bill passes, the tax rates you pay on your income would stay the same as they are now rather than increasing. The standard deduction—the amount of income you can earn before owing taxes—would also stay at current levels. Other benefits like the child tax credit and expanded deductions for business owners would continue. Without this bill, families would see their tax bills increase starting in 2026, which is why supporters argue making these cuts permanent is important for household budgets and the economy.

The main question Congress faces is whether the government can afford to keep these tax cuts permanent. Making them permanent means the government collects less tax revenue, which could increase the national debt or require cuts to other government programs. Critics worry about the long-term cost, while supporters argue that keeping taxes lower helps people and businesses spend and invest more money, which can boost economic growth. This is fundamentally a debate about whether lower taxes or higher government revenue is more important for the country's future.

A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.

Cruz, Ted

 <p>This bill makes permanent several tax provisions for individual taxpayers that were enacted by the Tax Cuts and Jobs Act of 2017 and are scheduled to expire at the end of 2025. These provisions include a reduction of individual income tax rates, an increase in the child tax credit, limitations on the tax deduction for state and local taxes and the mortgage interest deduction, and an increase in the exemption amount for estate and gift taxes.</p>