Tax Cuts for Working Families Act
Latest action · Jun 30, 2023 Placed on the Union Calendar, Calendar No. 101.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 9, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Tax Cuts for Working Families Act
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).
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jun 9, 2023Markup Jun 13, 2023Reported Jun 30, 2023 |
Actions 6
Everything that happened, newest first.
- Jun 30, 2023Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-129.
- Jun 30, 2023Placed on the Union Calendar, Calendar No. 101.
- Jun 13, 2023Committee Consideration and Mark-up Session Held
- Jun 13, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 16.
- Jun 9, 2023Introduced in House
- Jun 9, 2023Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Jun 30, 2023H.R. 3936, Tax Cuts for Working Families ActAs ordered reported by the House Committee on Ways and Means on June 13, 2023
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 101, June 9, 2023, page H2788.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3864 | Working Families Tax Cut Act | Related bill | Jun 6, 2023 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
- Short Title(s) as Introduced
- Tax Cuts for Working Families Act
- Short Title(s) as Reported to House
- Tax Cuts for Working Families Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 2
Each version as it was printed, newest first.
- Jun 30, 2023Reported in House
- Jun 9, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
