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HR 463In committeeTaxeshouse
Lower Your Taxes Act
Introduced Jan 15, 2025 by Rep. Emilia Strong Sykes
IntroducedCommitteeFloorCongressLaw
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
Latest action · Jan 15, 2025
Referred to the House Committee on Ways and Means.
What it does
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,
Read the full summary on Congress.govSummary by the Congressional Research Service.
Roll-call votes
No floor votes yet — it hasn't reached the floor of either chamber.