A bill to amend the Internal Revenue Code of 1986 to increase the amount of the earned income credit.

Amends Internal Revenue Code provisions governing the earned income tax credit to: (1) increase the credit percent from 14 percent to 16 percent (19 percent for taxpayers having more than one dependent child in the household); and (2) increase from $5,714 to $6,500 the amount of earned income subject to the credit.