Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
115-hr-6648115th Congress
RAISE Act of 2018
Sponsored By: Representative Ruiz, Raul [D-CA-25]
Unknown
Summary
Rewarding American Investments to Support Employees Act of 2018 or the RAISE Act of 2018 This bill allows employers a tax credit for a portion of the raises given to certain employees who earn $75,000 or less per year. The credit is equal to 10% of the increase in wages compared to the previous year and may not exceed $500,000 per year. The limitations on the amount of the credit and employee earnings must be adjusted for inflation after 2018.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Ruiz, Raul [D-CA-25]
CA • D
Cosponsors
Rep. Beyer, Donald S. [D-VA-8]
VA • D
Sponsored 7/31/2018
Rep. Watson Coleman, Bonnie [D-NJ-12]
NJ • D
Sponsored 7/31/2018
JOSEPH CROWLEY
NY • D
Sponsored 7/31/2018
Rep. Napolitano, Grace F. [D-CA-31]
CA • D
Sponsored 10/9/2018
Rep. Lujan Grisham, Michelle [D-NM-1]
NM • D
Sponsored 10/9/2018
Rep. Clarke, Yvette D. [D-NY-9]
NY • D
Sponsored 10/9/2018
Rep. Norcross, Donald [D-NJ-1]
NJ • D
Sponsored 10/9/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov