RAISE Working Families Act

Read twice and referred to the Committee on Finance.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Oct 26, 2020

Rebuild Americans' Income to Strengthen and Empower Working Families Act or RAISE Working Families Act

This bill allows a new refundable income tax credit for individual taxpayers (to be known as the Middle Class Tax Credit) equal to the lesser of $500 ($1,000 for individuals filing joint returns), or the taxpayer's earned income for the taxable year. The amount of the credit is reduced by 2.5% percent of the taxpayer's modified adjusted gross income that exceeds $50,000 ($100,000 for individuals filing joint returns).

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People & committees

Who introduced it

Sen. Cortez Masto, Catherine [D-NV] · D–NV

Committees

Finance Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Oct 26, 2020
Read twice and referred to the Committee on Finance.
Oct 26, 2020
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Oct 26, 2020 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze S.4877 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.4877, 116th Congress: RAISE Working Families Act

Official record: https://www.congress.gov/bill/116th-congress/senate-bill/4877

Text version to examine: Introduced in Senate · 2020-10-26.

Official full text: https://www.congress.gov/116/bills/s4877/BILLS-116s4877is.htm

Imported record last updated by the source: 2025-01-03T03:41:05Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.4877 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.4877 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.4877, 116th Congress: RAISE Working Families Act

Official record: https://www.congress.gov/bill/116th-congress/senate-bill/4877

Text version to examine: Introduced in Senate · 2020-10-26.

Official full text: https://www.congress.gov/116/bills/s4877/BILLS-116s4877is.htm

Imported record last updated by the source: 2025-01-03T03:41:05Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.4877 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine S.4877 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss S.4877, 116th Congress: RAISE Working Families Act

Official record: https://www.congress.gov/bill/116th-congress/senate-bill/4877

Text version to examine: Introduced in Senate · 2020-10-26.

Official full text: https://www.congress.gov/116/bills/s4877/BILLS-116s4877is.htm

Imported record last updated by the source: 2025-01-03T03:41:05Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.4877 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine S.4877 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss S.4877, 116th Congress: RAISE Working Families Act

Official record: https://www.congress.gov/bill/116th-congress/senate-bill/4877

Text version to examine: Introduced in Senate · 2020-10-26.

Official full text: https://www.congress.gov/116/bills/s4877/BILLS-116s4877is.htm

Imported record last updated by the source: 2025-01-03T03:41:05Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.4877 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.