H.R. 1: An act to provide for reconciliation pursuant to title II of H. Con. Res. 14.
↓ Your rights↓ Your taxes↓ Your benefits
H.R. 1 is a comprehensive reconciliation act that modifies federal tax policy, social programs, and government spending. It makes permanent several individual tax provisions from 2017, including specific tax rates and standard deduction levels, while introducing new deductions for tips, overtime, and vehicle loan interest. It also creates "Trump accounts" for minors and adjusts estate and child tax credits.
The bill significantly alters social safety nets. It tightens work requirements for SNAP (food stamps) and Medicaid, limits eligibility for certain non-citizens, and reduces federal funding for various environmental and climate-related programs. It also restructures federal student loan programs, including new borrowing limits and the termination of certain repayment plans for new loans.
Additionally, the act provides substantial funding increases for defense, border security, and rural health initiatives, while increasing the statutory debt limit by $5 trillion. It does not eliminate all federal programs, but it shifts the focus of federal spending toward national security and infrastructure while reducing support for green energy and specific social assistance programs.
H.R. 1 是一项综合性调节法案，旨在调整联邦税收政策、社会福利项目及政府支出。该法案将 2017 年《减税与就业法案》中的多项个人税收条款永久化，包括特定的税率和标准扣除额，同时引入了针对小费、加班费和汽车贷款利息的新扣除额。此外，它还为未成年人设立了“特朗普账户”，并调整了遗产税和儿童税收抵免。
该法案大幅改变了社会保障体系。它收紧了 SNAP（食品券）和医疗补助（Medicaid）的劳动要求，限制了部分非公民的福利资格，并削减了多项环境和气候相关项目的联邦资金。法案还重组了联邦学生贷款计划，包括设定新的借款上限，并终止了针对新贷款的某些还款计划。
此外，该法案大幅增加了国防、边境安全和农村医疗项目的资金，并将法定债务上限提高了 5 万亿美元。该法案并未取消所有联邦项目，而是将联邦支出重点转向国家安全和基础设施，同时减少了对绿色能源和特定社会援助项目的支持。