Tax Cuts for Working Families Act
- Introduced Jun 9
- Committee Jun 9
- Passed House Next
- Passed Senate Not yet
- To President Not yet
- Law Not yet
Where it stands
In committee, Jun 9, 2023Next: House vote
1216d ago Jun 30, 2023: Placed on the Union Calendar, Calendar No. 101.
Final votes
No roll callsNo recorded vote on this bill yet
Who backs the bill and who pushes back Subscribe
Companies lobbying on this bill
3 companiesCompanies by sector
Energy 3
Search all 3 companies, their asks and price moves Subscribe
Votes
No recorded roll-call vote on this bill yet
Member trades
Member trades around the votes Subscribe
Summary
Tax Cuts for Working Families Act
Full summary1 paragraphs
This bill renames the standard tax deduction as the guaranteed deduction. It allows an additional bonus amount of $2,000 ($4,000 for married couples filing jointly) in taxable years beginning in 2024 and 2025 but reduces the bonus amount for taxpayers whose modified adjusted gross income exceeds $200,000 ($400,000 for joint filers).
Library of Congress summary, Jun 30, 2023
Summary versions
- Reported to HouseJun 30, 2023
- Introduced in HouseJun 9, 2023
Actions
- HouseReported (Amended) by the Committee on Ways and Means. H. Rept. 118-129.Jun 30, 2023
- HousePlaced on the Union Calendar, Calendar No. 101.Jun 30, 2023
- HouseCommittee Consideration and Mark-up Session HeldJun 13, 2023
- HouseOrdered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 16.Jun 13, 2023
- HouseIntroduced in HouseJun 9, 2023
- HouseReferred to the House Committee on Ways and Means.Jun 9, 2023
Bill record
Text versions2
- Reported in HouseJun 30, 2023PDF: Reported in House
- Introduced in HouseJun 9, 2023PDF: Introduced in House
Committees1
- House Ways and Means CommitteeReported By Jun 30, 2023Markup By, Jun 13, 2023Referred To, Jun 9, 2023
Sponsor and cosponsors0 cosponsors
- Rep. Jason Smith (R-MO-8)Sponsor, Jun 9, 2023
Amendments0
No amendments offered
Cost estimates and reports2
- CBO: H.R. 3936, Tax Cuts for Working Families ActJun 30, 2023As ordered reported by the House Committee on Ways and Means on June 13, 2023
- H. Rept. 118-129Committee report
Titles2
Short titles
- Tax Cuts for Working Families ActShort Title(s) as Introduced
Official titles
- 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.Official Title as Introduced
Subjects3
Related bills1
- H.R. 3864 118th, Related bill Working Families Tax Cut Act
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.