3.0.0 4959 2023-01-11T13:40:35Z 2023-01-11T13:40:35Z House HR 2018-02-07 115 [Congressional Record Volume 164, Number 24 (Wednesday, February 7, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BUDD:H.R. 4959.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution.[Page H975]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-02-07T14:00:25Z 2018-02-07 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-02-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-02-07 Introduced in House IntroReferral 1000 9 Library of Congress B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 N Taxation Income tax credits Income tax deductions Tax treatment of families Taxation 00 2018-02-07 Introduced in House 2018-02-26T20:27:21Z Working Families Relief Act of 2018

This bill amends the Internal Revenue Code to limit the temporary (for tax years 2018 through 2025) refundable portion of the child tax credit, with respect to any qualifying child, to the greater of: (1) $1,400, or (2) the excess of the taxpayer's Social Security taxes for the year over the credit allowed under the earned income tax credit. (Under current law, the maximum is $1,400, adjusted for inflation after 2018).

]]> Working Families Relief Act of 2018 Display Title Working Families Relief Act of 2018 Official Title as Introduced To amend the Internal Revenue Code of 1986 to ensure that the temporary refundable portion of the child tax credit is not less than the payroll taxes paid by the taxpayer. Introduced in House IH Short Titles as Introduced Working Families Relief Act of 2018 Introduced in House 2018-02-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4959ih/xml/BILLS-115hr4959ih.xml 2018-02-07 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.