[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-463":4},null,{"bill":5,"indexable":147,"summaries":148,"cosponsors":154,"cosponsorSlugs":171,"actions":174,"amendments":191,"amendmentSponsorSlugs":192,"linkages":193,"sponsorSlug":194},{"statusDate":6,"sponsor":7,"cboCostEstimates":16,"originChamber":17,"congress":18,"isByRequest":19,"title":20,"createdAt":21,"committeeReports":22,"cosponsorCount":23,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":24,"actionCount":23,"popularTitle":3,"laws":3,"billType":25,"introducedDate":6,"congressGovUrl":26,"constitutionalAuthority":27,"policyArea":28,"deletedAt":3,"latestAction":29,"billNumber":31,"cosponsorCountIncludingWithdrawn":23,"status":32,"keyMilestoneCount":33,"subjects":34,"policyAreaLower":40,"updateDate":41,"shortTitle":20,"officialTitle":42,"committees":43,"committeeCodes":53,"updatedAt":54,"searchTokens":55},"2025-01-15",{"firstName":8,"lastName":9,"district":10,"fullName":11,"middleName":12,"state":13,"party":14,"bioguideId":15},"Emilia","Sykes","13","Rep. Sykes, Emilia Strong [D-OH-13]","Strong","OH","D","S001223",[],"House",119,false,"Lower Your Taxes Act","2026-05-10T18:55:51.789Z",[],3,0,"hr","https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F463","\u003Cpre>\n[Congressional Record Volume 171, Number 8 (Wednesday, January 15, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mrs. SYKES:\nH.R. 463.\nCongress has the power to enact this legislation pursuant\nto the following:\nArticle 1, Section 8, Clause 18.\n[Page H187]\n\u003C\u002Fpre>","Taxation",{"date":6,"text":30},"Referred to the House Committee on Ways and Means.",463,"in_committee",2,[35,36,37,38,39],"Income tax credits","Income tax rates","Inflation and prices","State and local taxation","Tax treatment of families","taxation","2026-07-18T00:06:15Z","To amend the Internal Revenue Code of 1986 to expand the earned income and child tax credits, and for other purposes.",[44],{"name":45,"systemCode":46,"chamber":17,"activities":47,"subcommittees":51,"type":52},"Ways and Means Committee","hswm00",[48],{"name":49,"date":50},"Referred To","2025-01-15T15:04:50Z",[],"Standing",[46],"2026-07-18T12:05:20.936Z",[56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,10],"lower","lo","low","lowe","your","yo","you","taxes","ta","tax","taxe","act","to","amend","am","ame","amen","the","internal","in","int","inte","inter","intern","interna","revenue","re","rev","reve","reven","revenu","code","co","cod","of","1986","19","198","expand","ex","exp","expa","expan","earned","ea","ear","earn","earne","income","inc","inco","incom","and","child","ch","chi","chil","credits","cr","cre","cred","credi","credit","for","other","ot","oth","othe","purposes","pu","pur","purp","purpo","purpos","purpose","rep","sykes","sy","syk","syke","emilia","em","emi","emil","emili","strong","st","str","stro","stron","oh",true,[149],{"versionCode":150,"actionDate":6,"actionDesc":151,"text":152,"updateDate":153},"00","Introduced in House","\u003Cp>\u003Cstrong>Lower Your Taxes Act \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>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.\u003C\u002Fp>\u003Cp>The bill\u003C\u002Fp>\u003Cul>\u003Cli>increases the EITC amount,\u003C\u002Fli>\u003Cli>lowers the EITC eligibility age to 18 years (from 25 years) and eliminates the maximum age limit,\u003C\u002Fli>\u003Cli>increases the EITC phaseout amount for joint filers to twice that of single filers, and \u003C\u002Fli>\u003Cli>requires the Internal Revenue Service (IRS) to notify individuals of their EITC eligibility.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>The bill requires the IRS to create a program for paying individuals certain amounts related to the nonrefundable portion of state EITC amounts.\u003C\u002Fp>\u003Cp>The bill replaces the child tax credit with a monthly allowance of up to $350 per child depending on the child’s age (subject to income limitations and adjustments for inflation) and requires the IRS to send the allowance to individuals monthly.\u003C\u002Fp>\u003Cp>The bill establishes a tax credit of $500 for each qualified dependent (subject to income limitations).\u003C\u002Fp>\u003Cp>Further, the bill\u003C\u002Fp>\u003Cul>\u003Cli>increases the corporate income tax rate to 28% (from 21%),\u003C\u002Fli>\u003Cli>increases the excise tax on corporate stock buybacks to 4% (from 1%), and\u003C\u002Fli>\u003Cli>creates a new 25% corporate alternative minimum tax bracket applicable to adjusted financial statement income exceeding $5 billion.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>Finally, the bill precludes individuals with taxable income exceeding $1 million ($500,000 for married individuals filing separately) from applying the capital gains tax rates to net capital gains and requires the limits to be adjusted for inflation.\u003C\u002Fp>","2026-06-03T14:35:05Z",[155,161,166],{"bioguideId":156,"fullName":157,"party":14,"state":158,"district":159,"sponsorshipDate":160,"isOriginalCosponsor":19,"withdrawn":19,"sponsorshipWithdrawnDate":3},"U000040","Rep. Underwood, Lauren [D-IL-14]","IL","14","2025-02-06",{"bioguideId":162,"fullName":163,"party":14,"state":164,"district":165,"sponsorshipDate":160,"isOriginalCosponsor":19,"withdrawn":19,"sponsorshipWithdrawnDate":3},"M000687","Rep. Mfume, Kweisi [D-MD-7]","MD","7",{"bioguideId":167,"fullName":168,"party":14,"state":169,"district":170,"sponsorshipDate":160,"isOriginalCosponsor":19,"withdrawn":19,"sponsorshipWithdrawnDate":3},"T000489","Rep. 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