Sen. Cruz Introduces Legislation to Make Tax Cuts Permanent

Without legislation, individual tax cuts would expire in 2025

Senator Ted Cruz

Senator Ted Cruz / Getty Images

BY:

Sen. Ted Cruz (R., Texas) has introduced a bill that would make the individual tax cuts included in the Tax Cuts and Jobs Act permanent.

Before the Tax Cuts and Jobs Act was signed into law, there were seven tax brackets: 10, 15, 25, 28, 33, 35, and 39.6 percent rates. The tax reform legislation cut those rates to 10, 12, 22, 24, 32, 35, and 37 percent.

While the corporate tax rate was cut permanently to 21 percent, most of the individual tax cuts are scheduled to expire at the end of 2025.

Cruz's bill would amend the tax code to make the individual tax cuts permanent so they would not expire.

Sen. Bernie Sanders (I., Vt.) said in an interview that the tax cuts should have been made permanent. Cruz responded that Sanders should cosponsor his bill.

"I agree, Bernie Sanders—let's make the middle-class tax cuts permanent," Cruz tweeted. "Join me, we'll cosponsor legislation (I've already got it drafted) that does exactly that, and we'll get it passed in January!"

Ali Meyer

Ali Meyer   Email Ali | Full Bio | RSS
Ali Meyer is a staff writer with the Washington Free Beacon covering economic issues that expose government waste, fraud, and abuse. Prior to the Free Beacon, she was a multimedia reporter with CNSNews.com where her work appeared on outlets such as Drudge Report and Fox News. She also interned with the Heritage Foundation and Pacific Research Institute. Her Twitter handle is @DJAliMeyer, and her email address is meyer@freebeacon.com.

×
THE MORNING BEACON DAILY NEWSLETTER
MAKES IT EASIER TO STAY INFORMED
Get the news that matters most to you, delivered straight to your inbox daily.

Register today!
  • Grow your email list exponentially
  • Dramatically increase your conversion rates
  • Engage more with your audience
  • Boost your current and future profits