IB 
Union Calendar No. 101 
118TH CONGRESS 
1ST SESSION H. R. 3936 
[Report No. 118–129] 
To amend the Internal Revenue Code of 1986 to rename the standard deduc-
tion the guaranteed deduction, and to add a bonus amount to the 
guaranteed deduction for taxable years 2024 and 2025. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 9, 2023 
Mr. SMITH of Missouri introduced the following bill; which was referred to the 
Committee on Ways and Means 
JUNE 30, 2023 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on June 9, 2023] 
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A BILL 
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. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Tax Cuts for Working 
Families Act’’. 
SEC. 2. STANDARD DEDUCTION RENAMED GUARANTEED 
DEDUCTION. 
(a) IN GENERAL.—Section 63 of the Internal Revenue 
Code of 1986 is amended— 
(1) by striking ‘‘standard deduction’’ each place 
it appears and inserting ‘‘guaranteed deduction’’, and 
(2) in subsection (c)— 
(A) in the heading, by striking ‘‘STANDARD 
DEDUCTION’’ and inserting ‘‘GUARANTEED DE-
DUCTION’’, 
(B) in the heading of paragraph (2), by 
striking ‘‘STANDARD DEDUCTION’’ and inserting 
‘‘GUARANTEED DEDUCTION’’, 
(C) in the heading of paragraph (3), by 
striking ‘‘STANDARD DEDUCTION’’ and inserting 
‘‘GUARANTEED DEDUCTION’’, 
(D) in the heading of paragraph (5), by 
striking ‘‘STANDARD DEDUCTION’’ and inserting 
‘‘GUARANTEED DEDUCTION’’, 
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(E) in the heading of paragraph (6), by 
striking ‘‘STANDARD DEDUCTION’’ and inserting 
‘‘GUARANTEED DEDUCTION’’, and 
(F) in the heading of paragraph (7)(A), by 
striking ‘‘STANDARD DEDUCTION’’ and inserting 
‘‘GUARANTEED DEDUCTION’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 1(g)(4)(A) of such Code is amended 
by striking ‘‘standard deduction’’ and inserting 
‘‘guaranteed deduction’’. 
(2) Section 56(b)(1)(D) of such Code is amend-
ed— 
(A) in the heading, by striking ‘‘STANDARD 
DEDUCTION’’ and inserting ‘‘GUARANTEED DE-
DUCTION’’, and 
(B) by striking ‘‘standard deduction’’ and 
inserting ‘‘guaranteed deduction’’. 
(3) Section 861(b) of such Code is amended by 
striking ‘‘standard deduction’’ and inserting ‘‘guar-
anteed deduction’’. 
(4) Section 862(b) of such Code is amended by 
striking ‘‘standard deduction’’ and inserting ‘‘guar-
anteed deduction’’. 
(5) Section 1398(c) of such Code is amended— 
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