Tax Cuts and Jobs Act of 2017

E88596

The Tax Cuts and Jobs Act of 2017 is a major U.S. federal law that overhauled the tax code by cutting corporate tax rates, altering individual income tax brackets and deductions, and reshaping business taxation.

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How this image was made

AI-generated illustration of Tax Cuts and Jobs Act of 2017

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Tax Cuts and Jobs Act of 2017 (The Tax Cuts and Jobs Act of 2017 is a major U.S. federal law that overhauled the tax code by cutting corporate tax rates, altering individual income tax brackets and deductions, and reshaping business taxation.)

All labels observed (5)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf United States federal statute ⓘ
tax reform law ⓘ
amends Internal Revenue Code of 1986 ⓘ
appliesToJurisdiction United States federal government ⓘ
chamberInvolved United States House of Representatives ⓘ
United States Senate ⓘ
changesAlternativeMinimumTax yes ⓘ
changesChildTaxCredit yes ⓘ
changesCorporateTaxSystem yes ⓘ
changesEstateTaxExemption yes ⓘ
changesIndividualIncomeTaxBrackets yes ⓘ
changesItemizedDeductions yes ⓘ
changesStandardDeduction yes ⓘ
congressNumber 115th United States Congress ⓘ
corporateRateCutPermanent yes ⓘ
corporateTaxRateAfter 21 percent ⓘ
corporateTaxRateBefore 35 percent ⓘ
country United States ⓘ
dateSigned 2017-12-22 ⓘ
effectiveDate 2018-01-01 ⓘ
eliminatesPersonalExemptions yes ⓘ
houseBillNumber H.R.1 (115th Congress) ⓘ
includesDeemedRepatriationTax yes ⓘ
individualMandatePenaltyEffectiveYearOfRepeal 2019 ⓘ
individualProvisionsExpireAfter 2025 ⓘ
introducesPassThroughDeduction yes ⓘ
legislativeBody United States Congress ⓘ
limitsStateAndLocalTaxDeduction yes ⓘ
modifiesMortgageInterestDeduction yes ⓘ
movesTowardTerritorialSystemForCorporations yes ⓘ
nickName Trump tax cuts ⓘ
oppositionPartyInCongress Democratic Party ⓘ
partyOfPresidentDuringEnactment Republican Party ⓘ
passThroughDeductionSection Section 199A ⓘ
policyArea economic policy ⓘ
fiscal policy ⓘ
presidentDuringEnactment Donald Trump ⓘ
primarySubject business taxation ⓘ
corporate tax ⓘ
income tax ⓘ
individual income tax ⓘ
taxation ⓘ
publicLawNumber Public Law 115-97 ⓘ
repealsIndividualMandatePenalty yes ⓘ
shortName TCJA ⓘ
signedBy Donald Trump ⓘ
sponsorPartyInCongress Republican Party ⓘ
stateAndLocalTaxDeductionCap 10000 USD ⓘ
temporaryIndividualTaxProvisions yes ⓘ
yearEnacted 2017 ⓘ

How these facts were elicited

Referenced by (19)

Full triples — surface form annotated when it differs from this entity's canonical label.

115th United States Congress → notableLegislation → Tax Cuts and Jobs Act of 2017 ⓘ
Tax Cuts and Jobs Act of 2017 → shortName → TCJA ⓘ
linked to: Tax Cuts and Jobs Act of 2017
Tax Cuts and Jobs Act of 2017 → nickName → Trump tax cuts ⓘ
linked to: Tax Cuts and Jobs Act of 2017
California v. Texas → relatedLegislation → Tax Cuts and Jobs Act of 2017 ⓘ
Trump administration → majorPolicy → Tax Cuts and Jobs Act of 2017 ⓘ
Kevin Brady → notableWork → Tax Cuts and Jobs Act of 2017 ⓘ
Kevin Brady → sponsoredLegislation → Tax Cuts and Jobs Act of 2017 ⓘ
Additional Child Tax Credit → modifiedBy → Tax Cuts and Jobs Act of 2017 ⓘ
Public Law 115-97 → alsoKnownAs → Tax Cuts and Jobs Act ⓘ
linked to: Tax Cuts and Jobs Act of 2017
Public Law 115-97 → shortTitle → Tax Cuts and Jobs Act ⓘ
linked to: Tax Cuts and Jobs Act of 2017
H.R.1 (115th Congress) → shortTitle → Tax Cuts and Jobs Act ⓘ
linked to: Tax Cuts and Jobs Act of 2017
H.R.1 (115th Congress) → relatedAct → Tax Cuts and Jobs Act of 2017 ⓘ
H.R.1 (115th Congress) → finalEnactedShortTitle → Tax Cuts and Jobs Act ⓘ
linked to: Tax Cuts and Jobs Act of 2017
H.R.1 (115th Congress) → legislativeVehicleFor → Tax Cuts and Jobs Act of 2017 ⓘ
19-840 → relatedStatute → Tax Cuts and Jobs Act of 2017 ⓘ
Mike Crapo → sponsored → Tax Cuts and Jobs Act of 2017 (Senate-related work) ⓘ
linked to: Tax Cuts and Jobs Act of 2017
Kevin Patrick Brady → notableWork → Tax Cuts and Jobs Act of 2017 ⓘ
Kevin Patrick Brady → sponsoredLegislation → Tax Cuts and Jobs Act of 2017 ⓘ
Other Dependent Credit → introducedIn → Tax Cuts and Jobs Act of 2017 ⓘ