Working Americans’ Tax Cut Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7937 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7937 To amend the Internal Revenue Code of 1986 to make certain modifications in relation to the taxation of income required to fund basic living expenses, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 16, 2026 Mr. Beyer (for himself, Mr. Davis of Illinois, Mr. Larson of Connecticut, Ms. McBride, Mr. Thanedar, Ms. Randall, and Mr. Deluzio) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to make certain modifications in relation to the taxation of income required to fund basic living expenses, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Working Americans' Tax Cut Act''. SEC. 2. ALTERNATIVE MAXIMUM TAX FOR LOW-INCOME INDIVIDUALS. (a) In …