[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2951 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 2951

To amend the Internal Revenue Code of 1986 to modify the earned income 
               tax credit for single, childless workers.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 28, 2007

  Mr. Yarmuth (for himself and Mr. Ellison) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to modify the earned income 
               tax credit for single, childless workers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Relief for All Workers Act of 
2007''.

SEC. 2. MODIFICATIONS TO EARNED INCOME TAX CREDIT FOR WORKERS WITH NO 
              QUALIFYING CHILDREN.

    (a) Increase in Credit and Phaseout Percentages.--The table under 
section 32(b)(1)(A) of the Internal Revenue Code of 1986 is amended by 
striking ``7.65'' in both places it appears and inserting ``15.3''.
    (b) Increase in Phaseout Amount.--The table under section 
32(b)(2)(A) of such Code is amended by striking ``$5,280'' and 
inserting ``$10,700''.
    (c) Inflation Adjustment.--Subsection (j) of section 32 of such 
Code is amended by redesignating paragraph (2) as paragraph (3) and by 
inserting after paragraph (1) the following new paragraph:
            ``(2) Phaseout amount for individuals with no qualifying 
        children.--In the case of any taxable year beginning after 
        calendar year 2008, the `$10,700' dollar amount in subsection 
        (b)(2)(A) shall be increased by an amount equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) the cost-of-living adjustment determined 
                under section 1(f)(3) for the calendar year in which 
                the taxable year begins, determined by substituting 
                `calendar year 2007' for `calendar year 1992' in 
                subparagraph (B) thereof.''.
    (d) Conforming Amendment.--Clause (i) of section 32(j)(1)(B) of 
such Code is amended by inserting ``(other than the amount described in 
paragraph (2))'' after ``subsections (b)(2)(A)''.
    (e) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after December 31, 2007.
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