The House will vote this year to make individual tax cuts permanent, Speaker Paul Ryan said Tuesday.
Ryan, R-Wis., didn’t provide a date, but said “we fully intend,” to pass legislation that would make permanent the reduction in individual tax rates included in the new comprehensive tax reform law.
“That is something we will be acting on later this year,” Ryan said.
The House this week will vote on a series of bills to reform the IRS but excluded from the agenda a bill sponsored by Rep. Rodney Davis, R-Ill., which would make permanent the individual tax cuts.
Under the new law, individual cuts will expire in 2026.
Republicans gave the cuts an expiration date to lower the cost of the bill to prevent running afoul of special Senate rules that allowed the GOP to circumvent a filibuster by the Democrats.
Democrats have seized on the expiration date, which does not apply to the new lower corporate tax rate.
Republicans will use the tax vote later this year pressure Democrats closer to the midterm elections, according to Americans for Tax Reform President Grover Norquist.
Norquist said GOP leaders informed him they plan to hold a vote on the tax cuts this summer.
