,,ii #aaith ,,congress #ast ,session ,s4 #acgb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #i1 #bjbe,ms4 ,cortez ,masto 7for herself1 ,mr4 ,bennet1 ,ms4 ,alsobrooks1 ,ms4 ,baldwin1 ,mr4 ,blumenthal1 ,ms4 ,blunt ,rochester1 ,mr4 ,booker1 ,ms4 ,cantwell1 ,mr4 ,coons1 ,ms4 ,duckworth1 ,mr4 ,durbin1 ,mr4 ,fetterman1 ,mr4 ,gallego1 ,mrs4 ,gillibrand1 ,mr4 ,heinrich1 ,mr4 ,hickenlooper1 ,ms4 ,hirono1 ,mr4 ,kaine1 ,mr4 ,kelly1 ,mr4 ,kim1 ,mr4 ,king1 ,ms4 ,klobuchar1 ,mr4 ,lujn1 ,mr4 ,markey1 ,mr4 ,merkley1 ,mr4 ,murphy1 ,mrs4 ,murray1 ,mr4 ,padilla1 ,mr4 ,peters1 ,mr4 ,reed1 ,ms4 ,rosen1 ,mr4 ,sanders1 ,mr4 ,schatz1 ,mr4 ,schiff1 ,mr4 ,schumer1 ,mrs4 ,shaheen1 ,ms4 ,slotkin1 ,ms4 ,smith1 ,mr4 ,van ,hollen1 ,mr4 ,warner1 ,mr4 ,warnock1 ,ms4 ,warren1 ,mr4 ,welch1 ,mr4 ,whitehouse1 and ,mr4 ,wyden7 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 expand1 and make permanent certain modifications of1 the earned income credit4 #a4 ,short title ,this ,act may be cited as the ,tax ,cut for ,workers ,act of #bjbe4 #b4 ,permanent extension of earned income credit rules for individuals without qualifying children 7a7 ,decrease in minimum age for credit 7#a7 ,in general ,subclause 7,,ii7 of section #cb7;c77#a77;,a77ii7 of the ,internal ,revenue ,code of #aihf is amended by striking age #be and inserting the applicable minimum age4 7#b7 ,applicable minimum age ,paragraph 7#a7 of section #cb7;c7 of such ,code is amended by adding at the end the following new subparagraph3 7,f7 ,applicable minimum age ,for purposes of this paragraph-- 7i7 ,in general ,the term applicable minimum age means-- 7,i7 except as otherwise provided in this clause1 age #ai1 7,,ii7 in the case of a student 7as defined in section #aeb7;f77#b771 other than a qualified former foster youth or a qualified homeless youth1 age #bd1 and 7,,iii7 in the case of a qualified former foster youth or a qualified homeless youth1 age #ah4 7ii7 ,qualified former foster youth ,for purposes of this subparagraph1 the term qualified former foster youth means an individual who-- 7,i7 on or after the date that such individual attained age #ad1 was in foster care provided under the supervision or administration of an entity administering 7or eligible to administer7 a plan under part ,b or part ,e of title ,,iv of the ,social ,security ,act 7without regard to whether ,federal assistance was provided with respect to such child under such part ,e71 and 7,,ii7 provides 7in such manner as the ,secretary may provide7 consent for entities which administer a plan under part ,b or part ,e of title ,,iv of the ,social ,security ,act to disclose to the ,secretary information related to the status of such individual as a qualified former foster youth4 7iii7 ,qualified homeless youth ,for purposes of this subparagraph1 the term qualified homeless youth means1 with respect to any taxable year1 an individual who certifies1 in a manner as provided by the ,secretary1 that such individual is either an unaccompanied youth who is a homeless child or youth1 or is unaccompanied1 at risk of homelessness1 and self-supporting4 4 7b7 ,elimination of maximum age for credit ,subclause 7,,ii7 of section #cb7;c77#a77;,a77ii7 of the ,internal ,revenue ,code of #aihf is amended by striking but not attained age #fe4 7c7 ,increase in credit and phaseout percentages ,the table contained in paragraph 7#a7 of section #cb7;b7 of the ,internal ,revenue ,code of #aihf is amended by striking #g4fe each place it appears and inserting #ae4c4 7d7 ,increase in earned income and phaseout amounts ,the table contained in subparagraph 7,a7 of section #cb7;b77#b7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by striking #d1bbj and inserting #i1hbj1 and 7#b7 by striking #e1bhj and inserting #aa1faj4 7e7 ,inflation adjustments 7#a7 ,in general ,paragraph 7#a7 of section #cb7;j7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7#a7 ,in general ,in the case of any taxable year beginning after-- 7,a7 #bjba1 in the case of the dollar amount in subsection 7i77#a71 7,b7 #bjbf1 in the case of the dollar amounts in the third row of the table in subsection 7b77#b77;,a71 and 7,c7 #bjae1 in any other case1 each of the dollar amounts in subsections 7b77#b7 and 7i77#a7 shall be increased by an amount equal to the inflation amount4 4 7#b7 ,inflation amount ,subsection 7j7 of section #cb of such ,code is amended by adding at the end the following new paragraph3 7#c7 ,inflation amount ,for purposes of paragraph 7#a71 the inflation amount with respect to any dollar amount for any taxable year is the amount equal to-- 7,a7 such dollar amount1 multiplied by 7,b7 the percentage 7if any7 by which-- 7i7 the ,,cpi 7as defined in section #a7;f77#d77 for the calendar year preceding the year in which the taxable year begins1 exceeds 7ii7 the ,,cpi 7as so defined7 for-- 7,i7 in the case of amounts in the third row of the table in subsection 7b77#b77;,a71 #bjbe1 7,,ii7 in the case of any other amount in subsection 7b77#b77;,a71 #aiie1 7,,iii7 in the case of the #e1jjj amount in subsection 7b77#b77;,b71 #bjjh1 and 7,,iv7 in the case of the #aj1jjj amount in subsection 7i77#a71 #bjbj4 4 7f7 ,conforming amendment ,section #cb of the ,internal ,revenue ,code of #aihf is amended by striking subsection 7n74 7g7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjbe4 #c4 ,application of earned income credit to possessions of the ,united ,states 7a7 ,puerto ,rico ,subparagraph 7,b7 of section #gecj7;a77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking in the case of calendar years #bjba through #bjbe14 7b7 ,possessions with mirror code tax systems ,subparagraph 7,b7 of section #gecj7;b77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking in the case of calendar years #bjba through #bjbe14 7c7 ,american ,samoa ,subparagraph 7,b7 of section #gecj7;c77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking in the case of calendar years #bjba through #bjbe14 #d4 ,election to use prior year earned income 7a7 ,in general ,paragraph 7#b7 of section #cb7;c7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subparagraph3 7,c7 ,election to use prior year earned income 7i7 ,in general ,if the earned income of the taxpayer for any taxable year is less than the earned income of the taxpayer for the preceding taxable year1 the credit allowed under subsection 7a7 may1 at the election of the taxpayer1 be determined by substituting-- 7,i7 such earned income for such preceding taxable year1 for 7,,ii7 such earned income for the taxable year for which such credit is being determined4 7ii7 ,application to joint returns ,for purposes of clause 7i71 in the case of a joint return1 the earned income of the taxpayer for the preceding taxable year shall be the sum of the earned income of each spouse for such taxable year4 7iii7 ,special rules 7,i7 ,errors treated as mathematical errors ,for purposes of section #fbac1 an incorrect use on a return of earned income pursuant to clause 7i7 shall be treated as a mathematical or clerical error4 7,,ii7 ,no effect on determination of gross income1 etc ,except as otherwise provided in this subparagraph1 this title shall be applied without regard to any substitution under clause 7i74 4 7b7 ,effective date ,the amendment made by subsection 7a7 shall apply to taxable years beginning after ,december #ca1 #bjbe4