Working Americans’ Tax Cut Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 21
- Latest action
- Mar 12, 2026
What it does
The Working Americans’ Tax Cut Act would amend the Internal Revenue Code to cap income tax liability for low- and middle-income individuals at 25.5% of their modified adjusted gross income above a cost-of-living-based exemption, while imposing a new surcharge on high-income individuals—starting at 5% on income over $1 million and rising to 12% on income over $5 million—adjusted for inflation and joint filers. The bill defines “qualified individuals” as those earning less than 175% of the annualized cost-of-living wage (initially $46,000, adjusted via CPI-U), and modifies modified adjusted gross income calculations to include certain excluded foreign income and non-taxable Social Security…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
While a bill can still move, the questions are about people and money.