April 9, 2025
Mr. Vasquez introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to increase the earned income tax credit, and for other purposes.
Section 1. Short title
This Act may be cited as the Boost the Middle Class Act
.
Sec. 2. Increasing earned income tax credit
(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.