Tax Fairness for All Families Act of 2019

Bill: 116-hr-2273
Sponsor: full_name: Rep. Nadler, Jerrold [D-NY-10]
Introduced: 2019-04-10
Policy area: Taxation
Subjects: Income tax credits

Poverty and welfare assistance

Tax treatment of families

Wages and earnings
Latest action: action_date: 2019-04-10
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-04-10
action_desc: Introduced in House
text: <p><strong>Tax Fairness for All Families Act of 201</strong><b>9</b></p> <p>This bill modifies the earned income tax credit to provide increased credit percentages for taxpayers with more than three qualifying children. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2273 IN THE HOUSE OF REPRESENTATIVES April 10, 2019 Mr. Nadler introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide an increasingly larger earned income credit for families with more than 3 children.

1. Short title This Act may be cited as the Tax Fairness for All Families Act of 2019 . 2. Increased earned income credit for families with more than 3 children (a) In general Paragraph (1) of section 32(b) of the Internal Revenue Code of 1986 is amended to read as follows: (1) Percentages For purposes of subsection (a)— In the case of an eligible individual with: The credit percentage is: The phaseout percentage is: 1 qualifying child 34 15.98 2 qualifying children 40 21.06 3 qualifying children 45 21.06 4 qualifying children 50 21.06 5 qualifying children 55 21.06 6 qualifying children 60 21.06 7 or more qualifying children 65 21.06 No qualifying children 7.65 7.65 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2018.