Permanent Tax Cuts for Americans Act

Permanent Tax Cuts for Americans Act: permanent provisions of subtitle A (Individual Tax Reform) subtitle B (Alternative Minimum Tax) P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act)

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Summary

This bill makes permanent the provisions of subtitle A (Individual Tax Reform) and subtitle B (Alternative Minimum Tax) of P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act) that are currently scheduled to terminate on December 31, 2025.

To make permanent certain provisions of Public Law 115–97.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Permanent Tax Cuts for Americans Act”.

SEC. 2. SENSE OF CONGRESS.

It is the sense of Congress that—

(1) the constraints of the budget reconciliation process in the Senate required law makers to sunset certain provisions of Public Law 115–97;

(2) such provisions included those found within subtitles A and B of such Public Law dealing with the taxation of individuals;