Bill · H.R. 782· House(119-HR-782)
Reignite Hope Act of 2025
- Introduced
- 1/28/2025
- Last activity
- 1/28/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- John James
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The Reignite Hope Act of 2025 aims to amend the Internal Revenue Code of 1986. It establishes a new $3,500 tax credit for "critical employees" who work full-time in qualified opportunity zones. This credit applies to roles such as healthcare professionals, law enforcement, firefighters, and child care providers. Additionally, the bill modifies and makes permanent certain provisions of the child tax credit. The child tax credit changes include specific amounts for qualifying children and dependents.
Yes· 3 of 14
Would children be better off under this?+6
The bill significantly increases tax credits specifically for qualifying children.
Would households on low incomes be better off under this?+5
The increased child and dependent tax credits provide substantial relief to low-income households.
Does this cut taxes for middle-income families?+5
The bill increases the child tax credit and provides a new credit for critical employees.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Credit for Critical Employees: Individuals working as healthcare professionals, law enforcement officers, rescue squad or ambulance crew members, firefighters, eligible child care providers, or personal/home care aides can receive a $3,500 tax credit if they work full-time and primarily in a qualified opportunity zone (Section 2).
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Increased Support for Families with Young Children: Taxpayers can receive a credit of $4,500 for each qualifying child who has not reached age 6 by the close of the calendar year (Section 3).
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Standard Support for Qualifying Children: Taxpayers are allowed a credit of $3,500 for each qualifying child (Section 3).
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Support for Dependents: For taxable years beginning before January 1, 2026, a $500 credit is provided for each qualifying dependent who is not a qualifying child (Section 3).
Potential Negative Impacts for People
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Expiration of Critical Employee Credit: The credit for critical employees is set to sunset, meaning no credit will be allowed for any taxable year beginning more than 3 years after the date of the act's enactment (Section 2).
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Income Limitations on Child Tax Credit: The amount of the child tax credit is reduced by $50 for every $1,000 (or fraction thereof) that a taxpayer's modified adjusted gross income exceeds $400,000 for joint returns or $200,000 for other cases (Section 3).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Children+6Good For Low Income Households+5Good For Middle Class Households+4Good For People With Disabilities+2Good For Women+2Good For Young Adults+2Good For Retirees+1
- Economy And Finance
- Reduces Middle Class Taxes+5Improves Economic Growth+2Increases Job Creation+2Reduces Small Business Taxes+1
- Social Issues And Justice
- Improves Childcare Affordability+3Improves Poverty Reduction+3
- Healthcare
- Improves Healthcare Access+2
- 1/28/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Juan CiscomaniRepublican · Arizona