119th Congress · introduced in the House · Jan 15, 2025
Lower Your Taxes Act
Official title from Congress.gov
Latest action (Jan 15, 2025): Referred to the House Committee on Ways and Means.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in House (Jan 15, 2025)
Lower Your Taxes Act
This bill increases the earned income tax credit (EITC), replaces the child tax credit with an allowance, establishes a new dependent tax credit, limits the capital gains tax rates, and increases taxes on corporations.
The bill
• increases the EITC amount,
• lowers the EITC eligibility age to 18 years (from 25 years) and eliminates the maximum age limit,
• increases the EITC phaseout amount for joint filers to twice that of single filers, and
Show the full summary (9 more paragraphs)Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
Income tax credits · Income tax rates · Inflation and prices · State and local taxation · Tax treatment of families
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