Keep Your Pay Act

This bill would change federal income taxes for tax years 2026 through 2035 by raising the standard deduction and raising the top two income tax rates from 35% and 37% to 41% and 43%. It would expand the earned income tax credit for workers without qualifying children by lowering the minimum age, removing the upper age limit, and increasing the credit amounts. It would create a refundable monthly child tax credit of $300 per child age 6 and older, with higher amounts for younger children, that phases down at higher incomes. The IRS would pay the credit in advance each month and would set up an online portal for families to sign up. These payments could not be garnished.

Full text and official record on Congress.gov

Sponsors

• Cory A. Booker Democrat sponsor
• 0 cosponsors