Referred to the House Committee on Ways and Means.
Adds section 36C to the Internal Revenue Code to provide a refundable credit equal to 10% of an individual’s federal income tax liability for taxable year 2025. The credit does not apply to taxpayers with modified adjusted gross income over $100,000 (single) or $200,000 (joint).
Whether relief should be temporary credit versus permanent tax reform
Relative to its intended legislative type, this bill is a straightforward statutory insertion creating a one-year individual tax credit, with adequate integration into the Internal Revenue Code but limited operational and oversight detail.
Adds section 36C to the Internal Revenue Code to provide a refundable credit equal to 10% of an individual’s federal income tax liability for taxable year 2025.
The credit does not apply to taxpayers with modified adjusted gross income over $100,000 (single) or $200,000 (joint).
The bill includes conforming technical amendments and applies to taxable years beginning after December 31, 2024.
Content is straightforward and politically attractive as temporary relief, but substantial revenue impact and need for a favorable procedural vehicle reduce standalone odds.
Relative to its intended legislative type, this bill is a straightforward statutory insertion creating a one-year individual tax credit, with adequate integration into the Internal Revenue Code but limited operational and oversight detail.
Whether relief should be temporary credit versus permanent tax reform
These are examples from the analysis, not a ranked list of the most-affected groups.
Whether relief should be temporary credit versus permanent tax reform
Likely supportive of short-term tax relief for households but critical of the design.
Would welcome refundable language but note the credit equals 10% of tax liability, so zero-liability taxpayers receive no benefit.
May prefer more targeted, progressive, or direct aid to the lowest-income households.
Cautiously favorable to a limited, temporary tax reduction that targets middle-income households while excluding higher earners.
Wants a nonpartisan score of budgetary impact and clear sunset or offsets to limit deficit effects.
Skeptical or opposed because it creates a refundable, one-off federal subsidy and increases spending without offsets.
Would prefer permanent tax-rate cuts, tariff relief, or regulatory fixes rather than a temporary refundable credit.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Content is straightforward and politically attractive as temporary relief, but substantial revenue impact and need for a favorable procedural vehicle reduce standalone odds.
The bill has not accumulated any surfaced votes yet.
Whether relief should be temporary credit versus permanent tax reform
Content is straightforward and politically attractive as temporary relief, but substantial revenue impact and need for a favorable procedur…
Relative to its intended legislative type, this bill is a straightforward statutory insertion creating a one-year individual tax credit, with adequate integration into the Internal Revenue Code but limited operational a…
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