,,ii  #aae? ,,congress  #b;d ,session   
,s4 #bbia  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,janu>y #aj1 #bjah ,mr4
 ,cruz introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to make p]man5t ! 
individual tax rates 9 effect = taxable 
ye>s #bjah ?r\gh #bjbe4  #a4 ,p]man5t   
modification ( individual rate brackets 
7a7 ,m>ri$ individuals fil+ jo9t returns
 & surviv+ sp\ses ,! table conta9$ 9    
subsection 7a7 ( section #a ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ to read 
z foll[s3  ,if taxable income is3,! tax 
is3  ,n ov] #ai1jejaj ( taxable income4 
,ov] #ai1jej b n ov] #gg1djja1ije1 plus 
#ab ( ! excess ov] #ai1jej4 ,ov] #gg1djj
 b n ov] #afe1jjjh1ijg1 plus #bb ( !    
excess ov] #gg1djj4 ,ov] #afe1jjj b n   
ov] #cae1jjjbh1agi1 plus #bd ( ! excess 
ov] #afe1jjj4 ,ov] #cae1jjj b n ov]     
#djj1jjjfd1agi1 plus #cb ( ! excess ov] 
#cae1jjj4 ,ov] #djj1jjj b n ov]         
#fjj1jjjia1cgi1 plus #ce ( ! excess ov] 

#djj1jjj4 ,ov] #fjj1jjjafa1cgi1 plus #cg
 ( ! excess ov] #fjj1jjj4 4  7b7 ,heads 
( h\seholds ,! table conta9$ 9          
subsection 7b7 ( section #a ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ to read 
z foll[s3  ,if taxable income is3,! tax 
is3  ,n ov] #ac1fjjaj ( taxable income4 
,ov] #ac1fjj b n ov] #ea1hjja1cfj1 plus 
#ab ( ! excess ov] #ac1fjj4 ,ov] #ea1hjj
 b n ov] #hb1ejje1idd1 plus #bb ( !     
excess ov] #ea1hjj4 ,ov] #hb1ejj b n ov]
 #aeg1ejjab1fih1 plus #bd ( ! excess ov]
 #hb1ejj4 ,ov] #aeg1ejj b n ov]         
#bjj1jjjcj1fih1 plus #cb ( ! excess ov] 
#aeg1ejj4 ,ov] #bjj1jjj b n ov]         
#ejj1jjjdd1bih1 plus #ce ( ! excess ov] 
#bjj1jjj4 ,ov] #ejj1jjjadi1bih1 plus #cg
 ( ! excess ov] #ejj1jjj4 4  7c7        
,unm>ri$ individuals o!r ?an surviv+    
sp\ses & heads ( h\seholds ,! table     
conta9$ 9 subsection 7c7 ( section #a ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ to read z foll[s3  ,if taxable    
income is3,! tax is3  ,n ov] #i1ebeaj ( 
taxable income4 ,ov] #i1ebe b n ov]     

#ch1gjjieb4ej1 plus #ab ( ! excess ov]  
#i1ebe4 ,ov] #ch1gjj b n ov]            
#hb1ejjd1dec4ej1 plus #bb ( ! excess ov]
 #ch1gjj4 ,ov] #hb1ejj b n ov]          
#aeg1ejjad1jhi4ej1 plus #bd ( ! excess  
ov] #hb1ejj4 ,ov] #aeg1ejj b n ov]      
#bjj1jjjcb1jhi4ej1 plus #cb ( ! excess  
ov] #aeg1ejj4 ,ov] #bjj1jjj b n ov]     
#ejj1jjjde1fhi4ej1 plus #ce ( ! excess  
ov] #bjj1jjj4 ,ov] #ejj1jjjaej1fhi4ej1  
plus #cg ( ! excess ov] #ejj1jjj4 4  7d7
 ,m>ri$ individuals fil+ sep>ate returns
 ,! table conta9$ 9 subsection 7d7 (    
section #a ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ to read z foll[s3  ,if   
taxable income is3,! tax is3  ,n ov]    
#i1ebeaj ( taxable income4 ,ov] #i1ebe b
 n ov] #ch1gjjieb4ej1 plus #ab ( !      
excess ov] #i1ebe4 ,ov] #ch1gjj b n ov] 
#hb1ejjd1dec4ej1 plus #bb ( ! excess ov]
 #ch1gjj4 ,ov] #hb1ejj b n ov]          
#aeg1ejjad1jhi4ej1 plus #bd ( ! excess  
ov] #hb1ejj4 ,ov] #aeg1ejj b n ov]      
#bjj1jjjcb1jhi4ej1 plus #cb ( ! excess  
ov] #aeg1ejj4 ,ov] #bjj1jjj b n ov]     

#cjj1jjjde1fhi4ej1 plus #ce ( ! excess  
ov] #bjj1jjj4 ,ov] #cjj1jjjhj1fhi4ej1   
plus #cg ( ! excess ov] #cjj1jjj4 4  7e7
 ,e/ates & tru/s ,! table conta9$ 9     
subsection 7e7 ( section #a ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ to read 
z foll[s3  ,if taxable income is3,! tax 
is3  ,n ov] #b1eejaj ( taxable income4  
,ov] #b1eej b n ov] #i1aejbee1 plus #bd 
( ! excess ov] #b1eej4 ,ov] #i1aej b n  
ov] #ab1ejja1hci1 plus #ce ( ! excess   
ov] #i1aej4 ,ov] #ab1ejjc1jaa4ej1 plus  
#cg ( ! excess ov] #ab1ejj4 4  7f7      
,adju/m5t = inflation ,subsection 7f7 ( 
section #a ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$-- 7#a7 by /rik+ #aiic 9  
p>agraph 7#a7 & ins]t+ #bjah2  7#b7 by  
/rik+ det]m9$-- & all t foll[s 9        
p>agraph 7#b77;,a7 & ins]t+ det]m9$ by  
sub/itut+ #bjag = #bjaf 9 p>agraph      
7#c77;,a77ii712  7#c7 by /rik+ a m>ri$  
individual fil+ a sep>ate return 9      
p>agraph 7#g77;,b7 & ins]t+ any unm>ri$ 
individual o!r ?an a surviv+ sp\se or   
head ( h\sehold2  7#d7 by /rik+ m>ri$   

individuals fil+ sep>ately 9 ! head+ (  
subp>agraph 7,b7 ( p>agraph 7#g7 &      
ins]t+ c]ta9 unm>ri$ individuals2 &     
7#e7 by /rik+ p>agraph 7#h74  7g7       
,special rules = c]ta9 *ildr5 ) une>n$  
income ,subsection 7g7 ( section #a ( ! 
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 by /rik+ p>agraphs 7#a71   
7#c71 & 7#e72  7#b7 by r$esignat+       
p>agraphs 7#d71 7#f71 & 7#g7 z p>agraphs
 7#e71 7#g71 & 7#h71 respectively2  7#c7
 by r$esignat+ p>agraph 7#b7 z p>agraph 
7#f7 & by mov+ su* p>agraph to !        
position betwe5 p>agraphs 7#e7 & 7#g7 7z
 s r$esignat$72  7#d7 by ins]t+ be=e    
p>agraph 7#e7 7z s r$esignat$7 ! foll[+ 
new p>agraphs3  7#a7 ,9 g5]al ,9 ! case 
( a *ild to :om ?is subsection applies =
 ! taxable ye>1 ! am\nt ( tax impos$ by 
?is section on su* *ild %all be det]m9$ 
z provid$ 9 p>agraphs 7#b7 & 7#c74  7#b7
 ,modifications to applicable rate      
brackets ,! income tax table o!rwise    
applicable "u ?is section to ! *ild %all
 be appli$ ) ! foll[+ modifications3    

7,a7 #bd-p]c5t bracket ,! maximum       
taxable income :i* is tax$ at a rate    
bel[ #bd p]c5t %all n be m ?an ! sum (--
  7i7 ! e>n$ taxable income ( su* *ild1 
plus  7ii7 ! m9imum taxable income = !  
#bd-p]c5t bracket 9 ! table "u          
subsection 7e7 7z adju/$ "u subsection  
7f77 = ! taxable ye>4  7,b7 #ce-p]c5t   
bracket ,! maximum taxable income :i* is
 tax$ at a rate bel[ #ce p]c5t %all n be
 m ?an ! sum (--  7i7 ! e>n$ taxable    
income ( su* *ild1 plus  7ii7 ! m9imum  
taxable income = ! #ce-p]c5t bracket 9 !
 table "u subsection 7e7 7z adju/$ "u   
subsection 7f77 = ! taxable ye>4  7,c7  
#cg-p]c5t bracket ,! maximum taxable    
income :i* is tax$ at a rate bel[ #cg   
p]c5t %all n be m ?an ! sum (--  7i7 !  
e>n$ taxable income ( su* *ild1 plus    
7ii7 ! m9imum taxable income = !        
#cg-p]c5t bracket 9 ! table "u          
subsection 7e7 7z adju/$ "u subsection  
7f77 = ! taxable ye>4  7#c7 ,coord9ation
 ) capital ga9s rates ,= purposes (     
apply+ subsection 7h7-- 7,a7 ! maximum  

z]o rate am\nt %all n be m ?an ! sum (--
  7i7 ! e>n$ taxable income ( su* *ild1 
plus  7ii7 ! am\nt 9 effect "u          
subsection 7h77#ab77;,a77iv7 = ! taxable
 ye>1 &  7,b7 ! maximum #ae-p]c5t rate  
am\nt %all n be m ?an ! sum (-- 7i7 !   
e>n$ taxable income ( su* *ild1 plus    
7ii7 ! am\nt 9 effect "u subsection     
7h77#ab77;,b77iv7 = ! taxable ye>4  7#d7
 ,e>n$ taxable income ,= purposes ( ?is 
subsection1 ! t]m e>n$ taxable income   
means1 ) respect to any *ild = any      
taxable ye>1 ! taxable income ( su* *ild
 r$uc$ 7b n bel[ z]o7 by ! net une>n$   
income ( su* *ild4  2 &  7#e7 by /rik+  
p>agraph 7#d77;,a77ii77,i7 ea* place x  
appe>s 9 subp>agraphs 7,a77ii71 7,b77i71
 & 7,b77ii77,,ii7 ( p>agraph 7#h7 7z s  
r$esignat$7 & ins]t+ p>agraph           
7#e77;,a77ii77,i74  7h7 ,capital ga9s   
brackets ,subsection 7h7 ( section #a ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$-- 7#a7 by /rik+ :i* w\ld 7)\t     
reg>d to ?is p>agraph7 be tax$ at a rate
 bel[ #be p]c5t 9 p>agraph 7#a77;,b77i7 

& ins]t+ bel[ ! maximum z]o rate am\nt2 
7#b7 by /rik+ :i* w\ld 7)\t reg>d to ?is
 p>agraph7 be tax$ at a rate bel[ #ci4f 
p]c5t 9 p>agraph 7#a77;,c77ii77,i7 &    
ins]t+ bel[ ! maximum #ae-p]c5t rate    
am\nt2 &  7#c7 by add+ at ! end ! foll[+
 new p>agraph3  7#ab7 ,maximum am\nts   
def9$ ,= purposes ( ?is subsection--    
7,a7 ,maximum z]o rate am\nt ,! maximum 
z]o rate am\nt %all be--  7i7 9 ! case (
 a jo9t return or surviv+ sp\se1        
#gg1bjj1  7ii7 9 ! case ( an individual 
:o is a head ( h\sehold 7z def9$ 9      
section #b7;b771 #ea1gjj1  7iii7 9 !    
case ( any o!r individual 7o!r ?an an   
e/ate or tru/71 an am\nt equal to  ( !  
am\nt 9 effect = ! taxable ye> "u clause
 7i71 &  7iv7 9 ! case ( an e/ate or    
tru/1 #b1fjj4  7,b7 ,maximum #ae-p]c5t  
rate am\nt ,! maximum #ae-p]c5t rate    
am\nt %all be-- 7i7 9 ! case ( a jo9t   
return or surviv+ sp\se1 #dgi1jjj 7 su* 
am\nt 9 ! case ( a m>ri$ individual fil+
 a sep>ate return71  7ii7 9 ! case ( an 
individual :o is ! head ( a h\sehold 7z 

def9$ 9 section #b7;b771 #deb1djj1      
7iii7 9 ! case ( any o!r individual 7o!r
 ?an an e/ate or tru/71 #dbe1hjj1 &     
7iv7 9 ! case ( an e/ate or tru/1       
#ab1gjj4  7,c7 ,inflation adju/m5t ,9 ! 
case ( any taxable ye> beg9n+ aft]      
#bjah1 ea* ( ! doll> am\nts 9           
subp>agraphs 7,a7 & 7,b7 %all be        
increas$ by an am\nt equal to--  7i7 su*
 doll> am\nt1 multipli$ by  7ii7 !      
co/-(-liv+ adju/m5t det]m9$ "u          
subsection 7f77#c7 = ! cal5d> ye> 9 :i* 
! taxable ye> beg9s1 det]m9$ by         
sub/itut+ cal5d> ye> #bjag = cal5d> ye> 
#bjaf 9 subp>agraph 7,a77ii7 !re(4  ,if 
any increase "u ?is subp>agraph is n a  
multiple ( #ej1 su* increase %all be    
r\nd$ to ! next l[e/ multiple ( #ej4  4 
7i7 ,con=m+ am5dm5ts  7#a7 ,section #a (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by /rik+ subsections 7i7 & 7j74   
7#b7 ,section #cdjb7q77#a7 ( su* ,code  
is am5d$ by /rik+ ?ird l[e/ & ins]t+    
f\r? l[e/4  7j7 ,section #ae n ,to apply
 ,section #ae ( ! ,int]nal ,rev5ue ,code

 ( #aihf %all n apply to any *ange 9 a  
rate ( tax by reason ( ?is section4  7k7
 ,effective date ,! am5dm5ts made by ?is
 section %all apply to taxable ye>s     
beg9n+ aft] ,decemb] #ca1 #bjah4