Washington, DC – Today, Congressman Bryan Steil (WI-01) voted to pass H.R. 1. This legislation will lower costs for Wisconsin families, deliver new tax relief for seniors, secure our border, and strengthen Medicaid eligibility integrity. Following passage of the bill, Congressman Steil issued the following statement:
“This bill is a win for Wisconsin workers, families, and seniors,” said Steil. “The bill prioritizes American families over illegal immigrants, delivers a $6,000 tax cut for seniors, implements work requirements for able-bodied adults, invests in securing our border, and encourages and rewards hard work with no tax on tips and overtime. We saved American taxpayers more than $1 trillion and did so while protecting Social Security and Medicare benefits for our seniors and strengthening Medicaid for vulnerable Americans. I look forward to President Trump signing this legislation into law.”
Background:
- The reconciliation bill as passed by the House and Senate will set spending levels for the federal government.
- In addition, the bill:
- Makes permanent provisions of the 2017 TCJA, which increased wages by 4.9%, including accelerating wage growth for the bottom 10% of income earners 50% more than the wage growth for the top 10%.
- Prevents an estimated $1,500 tax increase on families in WI-01, the equivalent of eight weeks of groceries, should the TCJA expire.
- Expands and makes permanent the enhanced Child Tax Credit for 85,000 families in WI-01.
- Protects 54,000 small businesses in Wisconsin by retaining the 199A Small Business Deduction.
- Creates a new $6,000 tax deduction for seniors, removing tax liability on Social Security for 88% of seniors.
- Prohibits illegal immigrants from participating in Medicaid.
- Implements work requirements for able-bodied adults without young children enrolled in Medicaid.
- Secures our border by allocating new funding for the hiring and retention of border patrol agents.
- Ends taxes on tips and overtime pay.
- The bill does not cut Social Security benefits or Medicare benefits for seniors.
