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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 101 (Friday, June 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. SMITH of Missouri:H.R. 3936.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Unites States Constitution.The single subject of this legislation is:The single subject of this legislation is to rename thestandard deduction the guaranteed deduction, and to add abonus amount to the guaranteed deduction for taxable years2024 and 2025.[Page H2788]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <citation>H. Rept. 118-129</citation>
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        <title>Working Families Tax Cut Act</title>
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        <fullName>Rep. Smith, Jason [R-MO-8]</fullName>
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        <pubDate>2023-06-30T18:52:00Z</pubDate>
        <title>H.R. 3936, Tax Cuts for Working Families Act</title>
        <url>https://www.cbo.gov/publication/59343</url>
        <description>As ordered reported by the House Committee on Ways and Means onJune 13, 2023</description>
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          <text>&lt;p&gt; &lt;strong&gt;Tax Cuts for Working Families Act &lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill renames the standard tax deduction as the guaranteed deduction. It allows an additional bonus amount of $2,000 ($4,000 for married couples filing jointly) in taxable years beginning in 2024 and 2025 but reduces the bonus amount for taxpayers whose modified adjusted gross income exceeds $200,000 ($400,000 for joint filers).&lt;/p&gt;</text>
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          <text>&lt;p&gt;&lt;strong&gt;Tax Cuts for Working Families Act &lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill renames the standard tax deduction as the guaranteed deduction. It allows an additional bonus amount of $2,000 ($4,000 for married couples filing jointly) in taxable years beginning in 2024 and 2025 but reduces the bonus amount for taxpayers whose modified adjusted gross income exceeds $200,000 ($400,000 for joint filers).&lt;/p&gt;</text>
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    <title>Tax Cuts for Working Families Act</title>
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        <title>To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025.</title>
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      <text>Placed on the Union Calendar, Calendar No. 101.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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