What is the current status of HR 7303?

HR 7303 is currently: Introduced.

Who sponsored HR 7303?

HR 7303 was sponsored by Shri Thanedar (D), Rep.

Middle Class Tax Cut Act

IntroducedJanuary 30, 2026

Introduced8 months ago

Intro

House

Senate

Pres

Introduced in House

Why This Matters

The Middle Class Tax Cut Act raises the standard deduction and adjusts tax rates to help middle-class families keep more of their income. This change is designed to make taxes fairer and provide financial relief starting in 2026.

If you earn under $200,000, your tax rate could be lower, helping you save money.

Who this affects

middle-class families · individuals earning $75,000 to $200,000

What changes is this bill making?

1This bill increases the standard deduction for individuals and families.
2It changes the tax rates for different income levels, lowering rates for many taxpayers.
3Families earning under $75,000 will benefit from a higher standard deduction.
4The new tax rates will apply starting in 2026.
5The bill aims to provide tax relief for middle-class earners.

Last changed 4 months ago · checked hourly

Middle Class Tax Cut Act

IntroducedJanuary 30, 2026

Introduced8 months ago

Intro

House

Senate

Pres

Introduced in House

Why This Matters

If you earn under $200,000, your tax rate could be lower, helping you save money.

Who this affects

middle-class families · individuals earning $75,000 to $200,000

What changes is this bill making?

1This bill increases the standard deduction for individuals and families.
2It changes the tax rates for different income levels, lowering rates for many taxpayers.
3Families earning under $75,000 will benefit from a higher standard deduction.
4The new tax rates will apply starting in 2026.
5The bill aims to provide tax relief for middle-class earners.

Last changed 4 months ago · checked hourly