Lower Your Taxes Act

House Bill

H.R. 5953

119th Congress

Lower Your Taxes Act

In Committee

Introduced:Nov 7, 2025

Primary Sponsor

Emilia Strong Sykes

Representative

Democratic

OH-13

Cosponsors

0

Quick Stats

Policy Area

Taxation

Summary

The Lower Your Taxes Act aims to provide tax relief for low- and middle-income families by increasing the earned income tax credit, making the child tax credit fully refundable, and establishing a program of advance monthly payments for the child tax credit. To offset these changes, the bill proposes to increase corporate taxes, limit capital gains tax benefits for high-income individuals, and raise the corporate alternative minimum tax.

Latest Action

Referred to the House Committee on Ways and Means.

AI Summary

Plain-English explanation of this bill

The Lower Your Taxes Act aims to provide tax relief for low- and middle-income families by increasing the earned income tax credit, making the child tax credit fully refundable, and establishing a program of advance monthly payments for the child tax credit. To offset these changes, the bill proposes to increase corporate taxes, limit capital gains tax benefits for high-income individuals, and raise the corporate alternative minimum tax.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Lower Your Taxes Act This bill increases the earned income tax credit, makes the child tax credit fully refundable, and establishes a program of advance monthly payments for such credit. The bill increases the percentage rates and amounts of the earned income tax credit and expands age eligibility for the credit (lowering the age baseline from 25 to 18 and eliminating the age 65 limit). The bill establishes a new refundable child tax credit with monthly advance payments of credit amounts. The bill creates several set-off provisions, including (1) denying preferential capital gain tax rates for taxpayers with taxable income in excess of $1 million, (2) increasing the corporate income tax rate from 21% to 28%, and (3) increasing the excise tax rate on repurchases of corporate stock and the rate of the corporate alternative minimum tax.

Key Points

Main provisions of the bill

Increases the earned income tax credit and expands eligibility for the credit by lowering the age baseline from 25 to 18 and eliminating the age 65 limit.
Makes the child tax credit fully refundable and establishes a program of advance monthly payments for the credit.
Offsets these changes by denying preferential capital gain tax rates for high-income taxpayers, increasing the corporate income tax rate, and raising the excise tax on corporate stock repurchases and the corporate alternative minimum tax.

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill would provide tax relief for low- and middle-income families by increasing the earned income tax credit and making the child tax credit more accessible. These changes would boost the take-home pay and financial stability of millions of American households. To offset the cost of these tax credits, the bill would increase taxes on corporations and high-income individuals, which could impact their investment and spending decisions.

Policy Areas

Primary Policy Area

Taxation

Related Subjects

Income tax credits

Income tax rates

Inflation and prices

State and local taxation

Tax treatment of families

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5953, 119th Congress (2025). "Lower Your Taxes Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5953