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119-hr-2800119th CongressWALLET

Boost the Middle Class Act

Sponsored By: Representative Vasquez, Gabe [D-NM-2]

Introduced

Summary

Expands the Earned Income Tax Credit (EITC) by raising credit amounts and widening the income ranges that qualify for the credit. This bill would boost EITC levels, lift the incomes at which credits begin to phase out, and change the inflation reference years that set future adjustments. These changes would take effect for tax years beginning after December 31, 2025.

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  • Families and low- and moderate-income workers would see bigger EITC payments and can qualify at higher earned incomes. For example, one EITC parameter moves from $6,330 to $13,629, roughly doubling that entry value.
  • Married couples filing jointly would get a higher joint-filer threshold for EITC phaseout, increasing the special joint amount from $5,000 to $7,612.
  • Future annual updates to EITC rules would use new base years for inflation indexing, switching references to 2025 and 2026 so adjustments start from those baselines.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger earned income tax credit

If enacted, this bill would raise the earned income tax credit (EITC) amounts and income limits. For tax years starting in 2026, the earned income amounts would be $13,629, $19,140, and $9,086. Phaseout thresholds would move to $24,992 and $11,363, with an extra $7,612 for married filing jointly. It would also reset the inflation indexing so future amounts are updated from 2025–2026 levels. If you qualify for the EITC, you could get a larger credit or become newly eligible.

Sponsors & CoSponsors

Sponsor

Vasquez, Gabe [D-NM-2]

NM • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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