# 119-hr-463: Lower Your Taxes Act

119-hr-463, Lower Your Taxes Act, is a 119th Congress bill sponsored by Rep. Sykes, Emilia Strong [D-OH-13] (D-OH); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-463
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-463
- Congress: 119
- Title: Lower Your Taxes Act
- Status: introduced
- Introduced: 2025-01-15
- Sponsor: Rep. Sykes, Emilia Strong [D-OH-13] (D-OH)
- Cosponsors: 3
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Expands refundable tax credits for children and low-income workers.** The bill widens the Earned Income Tax Credit and creates a monthly, advanceable Child Tax Credit while raising taxes on corporations and some high earners.

## Cosponsors (3)

- Rep. Mfume, Kweisi [D-MD-7] (D-MD), 2025-02-06T00:00:00.000Z
- Sylvester Turner (D-TX), 2025-02-06T00:00:00.000Z
- Rep. Underwood, Lauren [D-IL-14] (D-IL), 2025-02-06T00:00:00.000Z

## Provisions PRIA read

- Bigger earned income credit, plus state help: benefit, high. If enacted, the earned income tax credit (EITC) would be larger and start at lower phaseout rates. Key amounts would rise (for example, the earned income amount would go to $19,000 and a key threshold to $27,000), and the age limit would change so workers 18+ could qualify. For joint filers, the ph…
- Monthly child payments for families: benefit, high. If enacted, families would get monthly child payments: $350 per child under 6 and $300 per child age 6 to 17. Payments would shrink by 5% of income over a threshold ($150,000 joint, $75,000 separate, $112,500 others), spread across the months. A child must live with you most of the month and be und…
- Capital gains tax break capped at $1M: cost, high. If enacted, lower capital gains tax rates would only apply if your taxable income is $1,000,000 or less ($500,000 if married filing separately). Above that, your net capital gains would be taxed at higher ordinary rates. The $1,000,000 amount would be indexed after 2026. This would start for tax ye…
- Higher taxes on big corporations: cost, high. If enacted, the corporate income tax rate would rise from 21% to 28%. A two-tier corporate minimum tax would apply: 15% on adjusted financial statement income up to $5 billion and 25% above that. The tax on stock buybacks would increase from 1% to 4%. These changes would start for tax years after D…

## Related bills

- 119-hr-7977: Energy Bills Relief Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-7973: Momnibus Act
- 119-hr-1589: American Dream and Promise Act of 2025
- 119-hr-1307: Office of Gun Violence Prevention Act of 2025

## Sources
- [119-hr-463 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/463)

## Related
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-1589: American Dream and Promise Act of 2025](https://policyrisk.com/legislation/119-hr-1589)
- [119-hr-1307: Office of Gun Violence Prevention Act of 2025](https://policyrisk.com/legislation/119-hr-1307)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-463 (as of 2026-09-21).