Last action was on 4-9-2025
Current status is Referred to the House Committee on Ways and Means.
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This Act may be cited as the "Boost the Middle Class Act".
(a) Increasing earned income amounts and phaseout amounts
(1) Earned income amounts - The table contained in section 32(b)(2)(A) of such Code is amended—
(A) - by striking "6,330" and inserting "13,629",
(B) - by striking "8,890" and inserting "19,140", and
(C) - by striking "4,220" and inserting "9,086".
(2) Phaseout amounts - The table contained in section 32(b)(2)(A) of such Code, as amended by paragraph (1), is amended—
(A) - by striking "11,610" and inserting "24,992",
(B) - by striking "11,610" and inserting "24,992", and
(C) - by striking "5,280" and inserting "11,363".
(b) Increasing phaseout amounts for married individuals filing jointly - Section 32(b)(2)(B) of such Code is amended by striking "5,000" and inserting "7,612".
(c) Inflation adjustments - Section 32(j)(1) of such Code is amended—
(1) - in the matter preceding subparagraph (A), by striking "2015" and inserting "2026", and
(2) - in subparagraph (B)—
(A) - by striking "1995" and inserting "2025", and
(B) - by striking "2008" and inserting "2025".
(d) Effective date - The amendments made by this section shall apply to taxable years beginning after December 31, 2025.