,,ii  #aafth ,,congress  #b;d ,session  
,s4 #dhgg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,october #bf   
7legislative day1 ,october #ai71        
#bjbj,ms4 ,cortez ,masto introduced the 
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to establish a  
refundable tax credit to help middle    
class taxpayers4  #a4 ,short title ,this
 ,act may be cited as the ,rebuild      
,americans' ,income to ,strengthen and  
,empower ,working ,families ,act or     
,,raise ,working ,families ,act4  #b4   
,establishment of ,middle ,class ,tax   
,credit  7a7 ,in general ,subpart ,c of 
part ,,iv of subchapter ,a of chapter #a
 of the ,internal ,revenue ,code of     
#aihf is amended by inserting after     
section #cf the following new section3  
#cf;,a4 ,middle ,class ,tax ,credit  7a7
 ,allowance of credit ,in the case of an
 eligible individual1 there shall be    
allowed as a credit against the tax     

imposed by this subtitle for the taxable
 year an amount equal to the lesser of--
 7#a7 #ejj 7#a1jjj in the case of       
eligible individuals filing a joint     
return71 or  7#b7 the earned income 7as 
defined in section #cb7;c77#b77 of the  
taxpayer for the taxable year4  7b7     
,limitation based on modified adjusted  
gross income ,the amount of the credit  
allowed by subsection 7a7 7determined   
without regard to this subsection7 for  
any taxable year shall be reduced 7but  
not below zero7 by #b4e percent of so   
much of the taxpayer's modified adjusted
 gross income 7as defined in section    
#bd7;b77#a77 as exceeds #ej1jjj         
7#ajj1jjj in the case of a joint        
return74  7c7 ,eligible individual ,for 
purposes of this section1 the term      
eligible individual has the same meaning
 given such term under section          
#fdbh7;d74  7d7 ,treatment of           
possessions ,rules similar to the rules 
of subsection 7c7 of section #bbja of   
the ,,cares ,act 7,public ,law #aaf-acf7

 shall apply for purposes of this       
section4  4  7b7 ,clerical amendments   
7#a7 ,section #fbaa7;b77#d77;,a7 of the 
,internal ,revenue ,code of #aihf is    
amended by inserting #cf;,a1 after #cf14
  7#b7 ,the table of sections for       
subpart ,c of part ,,iv of subchapter ,a
 of chapter #a of such ,code is amended 
by inserting after the item relating to 
section #cf the following new item3     
,sec4 #cf;,a4 ,middle ,class ,tax       
,credit4  4  7c7 ,effective date ,the   
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjai4