RAISE Act of 2023

Hozzl · 2024-01-09T18:39:20Z

Explore the details of House Bill 3264 RAISE Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/9/2024, 6:39 PM

Summary of Bill HR 3264

The RAISE Act of 2023, also known as Bill 118 hr 3264, is a piece of legislation introduced in the US Congress with the aim of reforming the country's immigration system. The bill proposes significant changes to the current immigration policies, with a focus on prioritizing high-skilled immigrants and reducing family-based immigration.

One of the key provisions of the RAISE Act is the establishment of a points-based system for evaluating potential immigrants. This system would assign points to applicants based on factors such as education level, English proficiency, job skills, and age. The goal of this system is to attract immigrants who are more likely to contribute to the US economy and society.

Additionally, the bill seeks to reduce the number of family-based visas available each year. Currently, a significant portion of US immigration is based on family ties, but the RAISE Act aims to shift the focus towards employment-based immigration. This change is intended to ensure that immigrants coming to the US are able to support themselves and contribute to the economy. Overall, the RAISE Act of 2023 represents a significant overhaul of the US immigration system, with a focus on attracting high-skilled immigrants and reducing family-based immigration. The bill is likely to spark debate and discussion in Congress as lawmakers consider the potential impact of these proposed changes.

Congressional Summary of HR 3264

Respect, Advancement, and Increasing Support for Educators Act of 2023 or the RAISE Act of 2023

This bill allows eligible educators (i.e., any elementary or secondary teacher and any early childhood educator) a refundable tax credit of $1,000 plus an additional amount (based upon a specified student poverty ratio) for eligible educators employed at a qualifying school (i.e., a public elementary or secondary school that is eligible for certain federal assistance or is funded by the Bureau of Indian Education), or an early childhood education program for children receiving certain federal assistance.

The bill also increases the amount of the tax deduction for the expenses of elementary and secondary school teachers and expands such credit to include early childhood educators.

The bill provides additional funding to local educational agencies that maintain or increase the salaries of their teachers.

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Current Status of Bill HR 3264

Bill HR 3264 is currently in the status of Bill Introduced since May 11, 2023. Bill HR 3264 was introduced during Congress 118 and was introduced to the House on May 11, 2023. Bill HR 3264's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of May 11, 2023

Bipartisan Support of Bill HR 3264

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 3264

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 3264

RAISE Act of 2023

Respect, Advancement, and Increasing Support for Educators Act of 2023

To amend the Internal Revenue Code of 1986 to provide a refundable tax credit for certain teachers as a supplement to State efforts to provide teachers with a livable wage, and for other purposes.