I think you're going to see a Tax Cuts and Jobs Act 2.0 come out next year in 2025 that's going to work incredibly well for families, especially those lower-income families who are struggling under this Biden economy.
Pass a Tax Cuts and Jobs Act 2.0 in 2025 to help families, especially lower-income families.
Occurrences
Evidence
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Congress.gov records H.R. 1 as sponsored by Rep. Jodey Arrington, introduced May 20, 2025, passed the House May 22, passed the Senate July 1, agreed to by the House July 3, and became Public Law No. 119-21 on July 4, 2025. The CRS summary says the act reduces taxes and includes a finance title whose first chapter makes permanent multiple individual federal tax provisions enacted in 2017 by the Tax Cuts and Jobs Act.
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The House Clerk records Roll Call 190 on July 3, 2025, on the motion to concur in the Senate amendment to H.R. 1, One Big Beautiful Bill Act. The vote status was Passed, 218 Aye to 214 No. The roll call lists Scalise, Republican, Louisiana, as voting Aye.
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The Congress.gov CRS summary states that Title VII, Finance, Subtitle A, Tax, Chapter 1 is titled 'Providing Permanent Tax Relief for Middle-Class Families and Workers.' It says the chapter makes permanent multiple individual federal tax provisions enacted in 2017 by the Tax Cuts and Jobs Act, makes permanent the 10%, 12%, 22%, 24%, 32%, 35%, and 37% individual rates, permanently increases the standard deduction, and increases the maximum child tax credit to $2,200 per qualifying child beginning in 2025 with inflation indexing beginning in 2026.
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CBO estimated that, as a result of P.L. 119-21, resources will decrease for households toward the bottom of the income distribution and increase for households in the middle and toward the top. CBO also estimated that federal and state in-kind transfers will decrease household resources by $900 billion, primarily because federal spending on Medicaid and SNAP benefits will be lower.
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CBO's interactive explains that Public Law 119-21 affects household resources through federal taxes and cash transfers, federal and state in-kind transfers such as Medicaid, state fiscal responses, and other spending and revenues. It states that decreases in federal spending on Medicaid and SNAP will reduce resources available to households, with Medicaid changes allocated to participants who will not enroll or will receive fewer benefits and SNAP changes allocated to program participants.
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CBO's June 4, 2025 cost estimate covers H.R. 1 as passed by the House on May 22, 2025. Its related publications include distributional effects, household resource effects, and estimates of effects on the number of uninsured people resulting from policies incorporated in H.R. 1.
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September 15, 2026 Purpose (1) This transmits a revised IRM 21.6.2, Individual Tax Returns, Adjusting TIN-Related Problems. Material Changes (8) IRM 21.6.2.1.2 - Updated authority to Working Families Tax Cuts (WFTC), formerly One Big Beautiful Bill (OBBBA), in accordance with guidance from the Treasury Public Affairs Office.
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CBO estimates that as result of P.L. 119-21, resources will decrease for households toward the bottom of the income distribution, whereas resources will increase for households in the middle and toward the top of the income distribution.
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Sept. 23, 2026 Employers that provide paid family and medical leave to their employees may be eligible for the Employer Credit for Paid Family and Medical Leave, recently enhanced under the Working Families Tax Cuts This credit is now permanent. Eligible employers can claim a general business tax credit from 12.5% to 25% of wages paid to qualifying employees for up to 12 weeks of family and medical leave per taxable year.
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"as added by section 70411 of Public Law 119-21, 139 Stat. 72 (July 4, 2025)"
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"not greater than 300 percent of the area median gross income"
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"This notice requests comments on issues arising under § 1400Z-2 of the Internal Revenue Code (Code), as amended by § 70421 of Public Law 119-21"
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"Beginning January 1, 2027, individual taxpayers may contribute to an approved K-12 Scholarship Granting Organization, or SGO, and receive a dollar-for-dollar federal income tax credit of up to $1,700 each year."
Assessments
A 2025 reconciliation tax law extending major Tax Cuts and Jobs Act provisions became Public Law 119-21, and Scalise voted for final House passage, so the core promise to pass a TCJA-style tax package in 2025 was substantially advanced in the relevant federal term. However, the promise specifically emphasized helping families, especially lower-income families, and CBO found the enacted law reduced resources for households toward the bottom of the income distribution, largely through Medicaid and SNAP changes, while increasing resources for middle- and higher-income households. That supports partial rather than full delivery.