,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #hbad  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bc1 #bjbb,mr4  
,s*weik]t 7= himself1 ,mr4 ,rice ( ,s\? 
,c>ol9a1 ,mrs4 ,walorski1 ,mr4 ,w5/rup1 
,mr4 ,f]guson1 ,mr4 ,ku/(f1 ,mrs4 ,mill]
 ( ,we/ ,virg9ia1 ,mr4 ,h]n1 ,mr4 ,smi? 
( ,nebraska1 ,mr4 ,la,hood1 ,mr4 ,smi? (
 ,miss\ri1 ,mr4 ,murphy ( ,nor? ,c>ol9a1
 & ,mr4 ,arr+ton7 introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to make  
p]man5t c]ta9 provisions ( ,public ,law 
#aae-ig affect+ individuals4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,p]man5t
 ,ext5sion ( ,rate ,cuts & ,ext5sion (  
,national ,tax ,simplification ,act (   
#bjbb or ! ,,p]c5ts ,act ( #bjbb4  #b4  
,modification ( rates  7a7 ,am5dm5t (   
#aihf code ,except z o!rwise expressly  
provid$1 :5ev] 9 ?is ,act an am5dm5t or 
repeal is express$ 9 t]ms ( an am5dm5t  
to1 or repeal (1 a section or o!r       
provision1 ! ref]5ce %all be consid]$ to

 be made to a section or o!r provision (
 ! ,int]nal ,rev5ue ,code ( #aihf4  7b7 
,m>ri$ individuals fil+ jo9t returns &  
surviv+ sp\ses ,section #a7;a7 is am5d$ 
by /rik+ ! table conta9$ !re9 & ins]t+ !
 foll[+3 ,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  7c7 ,heads (
 h\seholds ,section #a7;b7 is am5d$ by  
/rik+ ! table conta9$ !re9 & ins]t+ !   
foll[+3 ,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  7d7 ,unm>ri$
 individuals o!r ?an surviv+ sp\ses &   
heads ( h\seholds ,section #a7;c7 is    
am5d$ by /rik+ ! table conta9$ !re9 &   
ins]t+ ! foll[+3 ,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  7e7
 ,m>ri$ individuals fil+ sep>ate returns
 ,section #a7;d7 is am5d$ by /rik+ !    
table conta9$ !re9 & ins]t+ ! foll[+3   
,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  7f7
 ,e/ates & tru/s ,section #a7;e7 is     
am5d$ by /rik+ ! table conta9$ !re9 &   
ins]t+ ! foll[+3 ,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  7g7 ,inflation adju/m5ts   
,section #a7;f7 is am5d$-- 7#a7 by am5d+
 p>agraph 7#b77;,a7 to read z foll[s3   
7,a7 by increas+ ! m9imum & maximum     
doll> am\nts = ea* bracket = :i* a tax  
is impos$ "u su* table by ! co/-(-liv+  
adju/m5t = su* cal5d> ye>1 det]m9$ "u   
?is subsection = su* cal5d> ye> by      
sub/itut+ #8#bjag' = #8#bjaf' 9 p>agraph
 7#c77;,a77ii71  1  7#b7 by am5d+       
p>agraph 7#g7 to read z foll[s3  7#g7   
,r\nd+  7,a7 ,9 g5]al ,except z provid$ 
9 subp>agraph 7,b71 if any increase     
det]m9$ "u p>agraph 7#b77;,a7 is n a    
multiple ( #be1 su* increase %all be    
r\nd$ to ! next l[e/ multiple ( #be4    
7,b7 ,jo9t returns1 etc ,9 ! case ( a   
table prescrib$ "u subsection 7a71      
subp>agraph 7,a7 %all be appli$ by      
sub/itut+ #ej = #be bo? places x appe>s4
  1  7#c7 by /rik+ p>agraph 7#h71 &     
7#d7 9 ! head+1 by /rik+ ,phase\t (     
m>riage p5alty 9 #ae-p]c5t bracket2     

adju/m5ts & ins]t+ ,adju/m5ts4  7h7     
,application ( income tax brackets to   
capital ga9s brackets ,section #a7;h7 is
 am5d$-- 7#a7 9 p>agraph 7#a77;,b77i71  
by /rik+ #be p]c5t & ins]t+ #bb p]c5t1  
7#b7 9 p>agraph 7#a77;,c77ii77,i71 by   
/rik+ :i* w\ld 7)\t reg>d to ?is        
p>agraph7 be tax$ at a rate bel[ #ci4f  
p]c5t & ins]t+ bel[ ! maximum #ae-p]c5t 
rate am\nt1 &  7#c7 by add+ at ! end !  
foll[+ new p>agraphs3  7#ab7 ,maximum   
#ae-p]c5t rate am\nt def9$ ,= purposes (
 ?is subsection1 ! maximum #ae-p]c5t    
rate am\nt %all be-- 7,a7 9 ! case ( a  
jo9t return or surviv+ sp\se 7z def9$ 9 
section #b7;a771 #dgi1jjj 7 su* am\nt 9 
! case ( a m>ri$ individual fil+ a      
sep>ate return71  7,b7 9 ! case ( an    
individual :o is a head ( h\sehold 7z   
def9$ 9 section #b7;b771 #deb1djj1  7,c7
 9 ! case ( any o!r individual 7o!r ?an 
an e/ate or tru/71 #dbe1hjj1 &  7,d7 9 !
 case ( an e/ate or tru/1 #ab1gjj4      
7#ac7 ,det]m9ation ( #j p]c5t rate      
bracket = e/ates & tru/s ,9 ! case ( any

 e/ate or tru/1 p>agraph 7#a77;,b7 %all 
be appli$ by treat+ ! am\nt det]m9$ 9   
clause 7i7 !re( z be+ equal to #b1fjj4  
7#ad7 ,inflation adju/m5t  7,a7 ,9 g5]al
 ,ea* ( ! doll> am\nts 9 p>agraphs 7#ab7
 & 7#ac7 %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  7,b7 ,r\nd+ ,if any increase "u  
subp>agraph 7,a7 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 is am5d$ by  
/rik+ subsections 7i7 & 7j74  7#b7      
,section #cdjb7q77#a7 is am5d$ by /rik+ 
?ird l[e/ & ins]t+ f\r? l[e/4  7j7      
,application ( section #ae  7#a7 ,9     
g5]al ,subsection 7a7 ( section #ae is  
am5d$ by /rik+ ,if any rate ( tax &     
ins]t+ ,9 ! case ( a corporation1 if any
 rate ( tax4  7#b7 ,con=m+ am5dm5ts     

7,a7 ,section #ae is am5d$ by /rik+     
subsections 7d71 7e71 & 7f74  7,b7      
,section #fjac7;c7 is am5d$ by /rik+    
sections #ae1 #ddc1 & #ghea7;a77#a77;,a7
 & ins]t+ section #ddc4  7,c7 ,! head+ (
 section #ae is am5d$ by ins]t+ on      
corporations aft] ,effect ( *anges4     
7,d7 ,! table ( sections = "p ,,iii (   
sub*apt] ,a ( *apt] #a is am5d$ by /rik+
 ! item relat+ to section #ae & ins]t+ !
 foll[+ new item3  ,sec4 #ae4 ,effect ( 
*anges on corporations4  4  7k7         
,effective date  7#a7 ,9 g5]al ,!       
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ! date ( !  
enactm5t ( ?is ,act4  7#b7 ,application 
( section #ae ,section #ae ( ! ,int]nal 
,rev5ue ,code ( #aihf %all n apply to   
any *ange 9 a rate ( tax by reason (--  
7,a7 section #a7;j7 ( su* ,code 7z 9    
effect be=e its repeal by ?is section71 
or  7,b7 any am5dm5t made by ?is ,act4  
#c4 ,increase 9 /&>d d$uction  7a7 ,9   
g5]al ,section #fc7;c77#b7 is am5d$--   
7#a7 by /rik+ #d1djj 9 subp>agraph 7,b7 

& ins]t+ #ah1jjj1 &  7#b7 by /rik+      
#c1jjj 9 subp>agraph 7,c7 & ins]t+      
#ab1jjj4  7b7 ,inflation adju/m5t       
,section #fc7;c77#d7 is am5d$ to read z 
foll[s3  7#d7 ,adju/m5ts = inflation    
7,a7 ,9 g5]al ,9 ! case ( a taxable ye> 
beg9n+ aft] #bjah1 ea* doll> am\nt 9    
p>agraph 7#b77;,b71 7#b77;,c71 or 7#e7  
or subsection 7f7 %all be increas$ by an
 am\nt equal to-- 7i7 su* doll> am\nt1  
multipli$ by  7ii7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ = #bjaf 9          
subp>agraph 7,a77ii7 !re(-- 7,i7 9 !    
case ( ! doll> am\nts conta9$ 9 p>agraph
 7#b77;,b7 or 7#b77;,c71 #bjag1  7,,ii7 
9 ! case ( ! doll> am\nts conta9$ 9     
p>agraph 7#e77;,a7 or subsection 7f71   
#aihg1 &  7,,iii7 9 ! case ( ! doll>    
am\nt conta9$ 9 p>agraph 7#e77;,b71     
#aiig4  7,b7 ,r\nd+ ,if any increase "u 
subp>agraph 7,a7 is n a multiple ( #ej1 
su* increase %all be r\nd$ to ! next    
l[e/ multiple ( #ej4  4  7c7 ,con=m+    

am5dm5ts  7#a7 ,section #a7;f77#g77;,a7 
is am5d$ by /rik+ section #fc7;c77#d714 
7#b7 ,section #a7;f77#g77;,b7 is am5d$  
by /rik+ sections #fc7;c77#d7 & & ins]t+
 section4  7#c7 ,section #fc7;c7 is     
am5d$ by /rik+ p>agraph 7#g74  7d7      
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4  #d4 ,repeal ( ov]all limitation  
on itemiz$ d$uctions  7a7 ,9 g5]al ,"p  
#a ( sub*apt] ,b ( *apt] #a is am5d$ by 
/rik+ section #fh 7& ! item relat+ to   
su* section 9 ! table ( sections = su*  
"p74  7b7 ,con=m+ am5dm5ts  7#a7        
,section #a7;f77#g77;,a71 z am5d$ by    
section #b1 is am5d$ by /rik+ or section
 #fh7;b77#b74  7#b7 ,section #ef7;b77#a7
 is am5d$ by /rik+ subp>agraph 7,e74    
7#c7 ,section                           
#afd7;b77#e77;,h77ii77,,iii7 is am5d$ by
 /rik+ 7z det]m9$ "u section #fh7;b774  
7#d7 ,section #afd7;b77#e77;,h7 is am5d$
 by add+ at ! end ! foll[+ new clause3  
7iii7 ,applicable am\nt def9$ ,=        

purposes ( clause 7ii71 ! t]m applicable
 am\nt means-- 7,i7 #cjj1jjj 9 ! case ( 
a jo9t return or a surviv+ sp\se1       
7,,ii7 #bge1jjj 9 ! case ( a head (     
h\sehold1  7,,iii7 #bej1jjj 9 ! case (  
an individual :o is n m>ri$ & :o is n a 
surviv+ sp\se or head ( h\sehold1 &     
7,,iv7  ! am\nt applicable "u subclause 
7,i7 9 ! case ( a m>ri$ individual fil+ 
a sep>ate return4  ,= purposes ( ?is    
p>agraph1 m>ital /atus %all be det]m9$  
"u section #ggjc4 ,9 ! case ( any       
taxable ye> beg9n+ 9 cal5d> ye>s aft]   
#bjag1 ea* ( ! doll> am\nts 9 ?is clause
 %all be increas$ by an am\nt equal to  
su* doll> am\nt1 multipli$ by !         
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
#bjab = #bjaf 9 subp>agraph 7,a77ii7    
!re(4 ,if any am\nt aft] adju/m5t "u !  
prec$+ s5t5ce is n a multiple ( #ej1 su*
 am\nt %all be r\nd$ to ! next l[e/     
multiple ( #ej4  4  7c7 ,effective date 
,! am5dm5ts made by ?is section %all    

apply to taxable ye>s beg9n+ aft] ! date
 ( ! enactm5t ( ?is ,act4  #e4 ,increas$
 exemption = ,alt]native ,m9imum ,tax   
made p]man5t  7a7 ,9 g5]al ,section     
#ee7;d77#a7 is am5d$-- 7#a7 by /rik+    
#gh1gej 9 subp>agraph 7,a7 & ins]t+     
#aji1djj1 &  7#b7 by /rik+ #ej1fjj 9    
subp>agraph 7,b7 & ins]t+ #gj1cjj4  7b7 
,phase-,out ( exemption am\nt ,section  
#ee7;d77#b7 is am5d$-- 7#a7 by /rik+    
#aej1jjj 9 subp>agraph 7,a7 & ins]t+    
#a1jjj1jjj1 &  7#b7 by /rik+            
subp>agraphs 7,b7 & 7,c7 & by ins]t+ !  
foll[+ new subp>agraphs3  7,b7 #ej p]c5t
 ( ! doll> am\nt applicable "u          
subp>agraph 7,a7 9 ! case ( a taxpay]   
describ$ 9 p>agraph 7#a77;,b7 or        
7#a77;,c71 &  7,c7 #ge1jjj 9 ! case ( a 
taxpay] describ$ 9 p>agraph 7#a77;,d74  
4  7c7 ,inflation adju/m5t ,section     
#ee7;d77#c7 is am5d$ to read z foll[s3  
7#c7 ,inflation adju/m5t ,9 ! case ( any
 taxable ye> beg9n+ 9 a cal5d> ye> aft] 
#bjah1 ea* doll> am\nt describ$ 9 clause
 7i7 or 7ii7 ( subp>agraph 7,b7 %all be 

increas$ by an am\nt equal to-- 7,a7 su*
 doll> am\nt1 multipli$ by  7,b7 !      
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by           
sub/itut+-- 7i7 9 ! case ( a doll> am\nt
 conta9$ 9 p>agraph 7#a77;,d7 or        
7#b77;,c7 or 9 subsection 7b77#a77;,a71 
cal5d> ye> #bjaa = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(1 &  7ii7 9 !  
case ( a doll> am\nt conta9$ 9 p>agraph 
7#a77;,a71 7#a77;,b71 or 7#b77;,a71     
cal5d> ye> #bjag = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  ,any        
increas$ am\nt det]m9$ "u ?is p>agraph  
%all be r\nd$ to ! ne>e/ multiple ( #ajj
 7#ej 9 ! case ( ! doll> am\nt conta9$ 9
 p>agraph 7#b77;,c774  4  7d7 ,con=m+   
am5dm5t ,section #ee7;d7 is am5d$ by    
/rik+ p>agraph 7#d74  7e7 ,effective    
date ,! am5dm5ts made by ?is subsection 
%all apply to taxable ye>s beg9n+ aft] !
 date ( ! enactm5t ( ?is ,act4