The Tax Cuts and Jobs Act passed the U.S. House of Representatives on November 16, 2017, and an amended version passed the U.S. Senate on December 2, 2017. Congress reconciled the differences between the two bills in a compromise conference report.
While the purpose of the legislation is to reduce tax rates for businesses and individuals, it includes several major health care policy changes. These provisions are described in the brief, Health Care Provisions in the Tax Cuts and Jobs Act.
Editor’s Note: CHRT updated this fact sheet Jan. 12, 2018 to include more recent Medicare beneficiary numbers, updated information on PAYGO, and reflect that the conference report is now law.