H.R. 6760: Protecting Family and Small Business Tax Cuts Act of 2018

115th Congress

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.

Sponsor: Rep. Rodney Davis — R — IL

H.R. 6760 would make permanent the tax provisions for individuals and pass-through entities in the Tax Cuts and Jobs Act that otherwise be sunset after 2025, including:[1] -The lower rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%. -The doubling of the standard deduction to $12,000/$24,000, for single or joint filers, respectively. -The doubling of the Child Tax Credit to $2,000 with up to $1,400 refundable. -The retention of popular deductions like mortgage interest (capped at $750,000 for new homes), state and local taxes (SALT) (capped at $10,000), medical expenses, and charitable deductions. -The 20% tax deduction for small business owners.

View the full vote history of this bill on GovTrack.us.