The bill H. R. 463, titled "Lower Your Taxes Act," aims to amend the Internal Revenue Code of 1986 to expand the earned income and child tax credits. This includes increasing the eligibility and benefits of these credits, allowing refundable child tax credits with monthly advance payments,...
Simple Explanation
The bill, called the "Lower Your Taxes Act," wants to give more money back to families and people who earn less by expanding special tax credits. It also includes making some people and businesses pay more taxes, all to help our country have less debt.