So, What's in the Tax Bill?

By Alejandro Ortiz & Kathleen Powers   

Many may remember the classic song “I’m Just a Bill” from Schoolhouse Rock!; it’s one of my favorites. It does a great job of explaining the legislative process. But if I were the writer of that catchy tune I would amend the chorus slightly:

“I’m just a bill. Yes I’m only a bill,

And I was rushed into Capitol Hill.

Well, now I’m back in committee

Because Congress violated some rules trying to claim a victory.”

It’s hardly a surprise that the leading party would try to rush a bill into law—both parties do it. This process cost Congress some time in their efforts to pass the Tax Cuts and Jobs Act. After the bill was debated in committee it passed for a second time in the House, but violated some budget rules and was edited and sent back for another final vote on December 20th. With this process, it’s easy to get confused about where the bill stands and what provisions remain. So I’m sure you have questions.

These bills are written in ways that make it difficult for many of us to understand or have any interest in reading. Luckily, our team of dedicated Key Votes researchers and advisors read every page of these bills and highlight the facts that impact you, so that you can continue your research from there.

This piece is not an analysis of every aspect of the the bill but outlines some ...

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