HR 557 · in committee · significant
Working Class Bonus Tax Relief Act of 2025
- taxes
What this bill does
- The bill allows workers to deduct bonuses from their taxable income through 2029, up to 15% of their regular wages.
- The deduction applies to individuals earning under $100,000 annually ($150,000 for heads of household, $200,000 for joint filers).
- The deduction reduces federal income tax owed by eligible workers and expires after 2029 unless extended.
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Community Threads
Started by Cosponsor
- 01
How would allowing workers to deduct bonuses up to 15% of wages affect the federal budget and tax revenue over the next five years?
- 02
What evidence supports the claim that bonus deductions for workers earning under $100,000 would meaningfully increase household income or job creation?
- 03
Since this deduction expires in 2029, how would workers and employers adjust if Congress does not extend it before the deadline?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-NE-2
Don Bacon
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-01-20
Legislative timeline
2025-01-20 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-20 · IntroReferral
Introduced in House
2025-01-20 · IntroReferral
Introduced in House
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