Legislators
Bills
Statements
Lobbying
Travel
- Bills
- S.4877
S.4877: RAISE Working Families Act
About This Bill
- Introduced Oct. 26, 2020
- Latest Major Action Oct. 26, 2020
Bill Sponsor
Bill Version
- Introduced in Senate - Oct. 26, 2020
Bill Summary
Rebuild Americans' Income to Strengthen and Empower Working Families Act or RAISE Working Families Act This bill allows a new refundable income tax credit for individual taxpayers (to be known as the Middle Class Tax Credit) equal to the lesser of $500 ($1,000 for individuals filing joint returns), or the taxpayer's earned income for the taxable year. The amount of the credit is reduced by 2.5% percent of the taxpayer's modified adjusted gross...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Oct. 26, 2020 |
Read twice and referred to the Committee on Finance.
|
Oct. 26, 2020 |
Introduced in the Senate by Catherine Cortez Masto (D-Nev.) |