3.0.0 5953 2026-01-15T08:09:39Z 2026-01-15T08:09:39Z House H HR 2023-10-12 118 https://www.congress.gov/bill/118th-congress/house-bill/5953 <pre>[Congressional Record Volume 169, Number 167 (Thursday, October 12, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mrs. SYKES:H.R. 5953.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitutionThe single subject of this legislation is:This legislation expands the Earned Income and Child TaxCredits and pays for the increase in benefits by requiringcorporations to pay their fair share of taxes.[Page H5008]</pre> hswm00 Ways and Means Committee House Standing Referred To 2023-10-25T21:04:37Z 118 3899 HR 2023-06-07 Referred to the House Committee on Ways and Means. Related bill CRS 2023-10-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-10-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-10-12 Introduced in House IntroReferral 1000 9 Library of Congress S001223 Rep. Sykes, Emilia Strong [D-OH-13] Emilia Sykes D OH Strong 13 N Taxation Income tax credits 2025-05-09T18:11:37Z Income tax rates 2025-05-09T18:11:37Z Inflation and prices 2025-05-09T18:11:37Z State and local taxation 2025-05-09T18:11:37Z Tax treatment of families 2025-05-09T18:11:37Z Taxation 2023-11-13T16:00:52Z

00 2023-10-12 Introduced in House 2023-11-20T16:07:03Z <p><strong>Lower Your Taxes Act </strong></p> <p>This bill increases the earned income tax credit, makes the child tax credit fully refundable, and establishes a program of advance monthly payments for such credit. </p> <p>The bill increases the percentage rates and amounts of the earned income tax credit and expands age eligibility for the credit (lowering the age baseline from 25 to 18 and eliminating the age 65 limit). </p> <p>The bill establishes a new refundable child tax credit with monthly advance payments of credit amounts. </p> <p>The bill creates several set-off provisions, including (1) denying preferential capital gain tax rates for taxpayers with taxable income in excess of $1 million, (2) increasing the corporate income tax rate from 21% to 28%, and (3) increasing the excise tax rate on repurchases of corporate stock and the rate of the corporate alternative minimum tax. </p>

Display Title 45 2024-07-24T15:20:00Z Short Title(s) as Introduced 101 2024-05-24T13:35:43Z Introduced in House IH Official Title as Introduced 6 2024-03-18T21:36:56Z Introduced in House IH Introduced in House 2023-10-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5953ih/xml/BILLS-118hr5953ih.xml 2023-10-25 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.