House Committee Review of the 2017 Tax Law
January 1, 2020
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The Frame
This hearing marks the first formal congressional review of the 2017 tax law's impact on the federal deficit, which the Committee estimates at $2.3 trillion, and its effects on healthcare coverage and tax benefits for working families.
Potentially affected actors named in the source documents. Mention is not a position.
Working families
The law altered the growth rate of the Earned Income Tax Credit and did not provide new subsidies for childcare or education.
Corporations and business owners
These groups received tax cuts under the 2017 law.
Last recorded activity January 1, 2020.
Next step not available in the current record.
Summary
Key Facts
- The 2017 tax law was passed in 51 days without committee hearings or expert testimony.
- The Committee estimates the total cost of the 2017 tax law to the federal deficit at $2.3 trillion.
- The law included tax cuts for corporations, business owners, and those inheriting large sums of money.
- The law slowed the growth rate of the Earned Income Tax Credit (EITC) for workers without children.
- The law did not include provisions to assist with childcare costs, education expenses, or student loan debt.
- The Committee alleges the law contributed to increased health insurance costs and potential loss of coverage for millions of Americans.
Why It Matters
This hearing marks the first formal congressional review of the 2017 tax law's impact on the federal deficit, which the Committee estimates at $2.3 trillion, and its effects on healthcare coverage and tax benefits for working families.
Frequently Asked Questions
What was the purpose of this hearing?
How much did the 2017 tax law increase the federal deficit according to the Committee?
News Coverage
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Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Legislative Process Critique
The hearing highlights a shift in oversight, where the Committee is reviewing a major law long after its passage due to the lack of initial hearings.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy75Intensity of disagreement among stakeholders
- Entertainment40Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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