Tax: Representatives Introduce New Tax Legislation

On June 18, Representatives Richard Neal (D-MA) and Michael San Nicolas (D-GU) introduced the Economic Mobility Act of 2019 (H.R.3300). This bill makes various improvements to the earned income tax credit, child tax credit, and dependent care assistance, most of which last for two years. Additionally, it repeals a provision of the Tax Cuts and Jobs Act of 2017 that imposes a tax on non-profit organizations that provide transportation benefits to their employees.

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