The BOOST Act would provide a new tax credit of up to $3,000 for single people and up to $6,000 for married couples, which would be in addition to existing tax credits. Income limits would prevent well-off households from receiving the credit. Unlike other refundable tax credit proposals, the BOOST Act would not be limited to people with earnings or people with children.
RELATED BLOG POST: Rep. Tlaib’s Tax Credit Proposal Is Most Expansive to Date
Lead Sponsor/Proponent |
General Explanation |
Share Going to Bottom 60% |
Share Going to Richest 20% |
Total Cost CY 2020 |
| Rep. Rashida Tlaib | New credit with no earnings required, in addition to existing credits |
79% | 0% | $380 billion |
State Impact National Impact Who Benefits?
