This bill makes individual taxpayers who receive unemployment compensation during 2021 eligible for the refundable tax credit for coverage under a qualified health plan.
Reforming America's Fiscal Toolkit Act of 2021 or the RAFT Act of 2021 This bill modifies the federal budget process to provide for the establishment of a target for the ratio of the public debt to the estimated gross domestic product (GDP). Specifically, the bill requires congressional budget resolutions to include a recommended ratio of public debt to GDP. In addition, congressional budget resolutions for even-numbered fiscal years must either (1) instruct one or more congressional committees to recommend changes in existing laws necessary to achieve the target ratio, or (2) request the establishment of a Joint Select Committee on Fiscal Responsibility to make the recommendations. The bill also sets forth requirements for (1) establishing the Joint Select Committee on Fiscal Responsibility if it is requested, and (2) considering the recommendations of the joint committee or other congressional committees using expedited legislative procedures in the Senate.
Chinese Research Funds Accounting Act This bill directs the Government Accountability Office (GAO) to conduct a study on federal funding made available to entities located in China or majority owned or controlled by the Chinese Communist Party for research in the five years prior to enactment of this bill. Not later than 120 days after the enactment of this bill, the GAO shall brief Congress on the data that is available with respect to federal funding made available to such entities for research.
Stop the Attack on Local Taxpayers Act of 2021 or the SALT Act This bill repeals the limitation on the deductibility of state and local taxes during 2018-2025. It also increases from $250 to $1,000 the tax deduction for certain expenses of elementary and secondary school teachers and allows a deduction from gross income (above-the-line) for certain training and uniform expenses of first responders (i.e., individuals who are law enforcement officers, firefighters, paramedics, or emergency medical technicians for at least 1,000 hours during a taxable year). The bill expands individual income tax brackets and increases the top income tax rate for individual taxpayers to 39.6%.
This bill suspends for 2020 the recapture of any overpayment of the tax credit for coverage under a qualified health care plan.
This bill provides supplemental funding to the Department of Health and Human Services for the Maternal, Infant, and Early Childhood Home Visiting Program. This program supports voluntary home visits by social workers and other professionals for families with young children in at-risk communities. The funds may be used to expand access to virtual visits, such as by acquiring necessary technology for participating families; provide for specified training and administrative costs, including hazard pay; and meet emergency needs of participating families for diapers, prepaid grocery cards, and other supplies. An entity that receives these funds must maintain existing staffing and funding levels, coordinate as practicable with local diaper banks when providing emergency supplies, and meet other conditions.
Emergency Unemployment Relief for Nonprofits Act This bill extends funding through October 3, 2021, for the reimbursement to state unemployment funds of amounts otherwise required of certain government entities and nonprofit organizations. Under current law, this period ends on September 6, 2021. The bill also increases the amount of these reimbursements from 50% to 75% of amounts paid for weeks of unemployment beginning after March 31, 2021, and ending on or before October 3, 2021.
Child and Dependent Care Tax Credit Enhancement Act of 2021 This bill modifies the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent to (1) increase to $400,000, the adjusted gross income threshold level above which the credit is incrementally reduced; (2) increase the dollar limits on the allowable amount of the credit; (3) specify rules for married couples filing separate returns; (4) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2022; and (5) make the credit refundable.
Southern Border Communities Reimbursement Act of 2021 This bill authorizes reimbursement to jurisdictions and organizations for the costs of providing humanitarian relief to aliens, including the cost of emergency preparedness activities. The reimbursement authorized under this bill shall be for FY2021-FY2023 and shall be distributed by the Emergency Food and Shelter Program National Board.
Rebalance for an Effective Defense Uniformed and Civilian Employees Act or the REDUCE Act This bill limits full-time positions in the Department of Defense (DOD), in each of FY2026-FY2030, to not more than 85% of the number of such positions at the end of FY2021. Not more than 1,000 of the positions may be career appointees within the Senior Executive Service. DOD may offer voluntary separation incentive payments and voluntary early retirement payments to achieve the reductions but must use involuntary measures, beginning at the start of FY2021, to achieve required reductions in personnel levels if voluntary measures are inadequate.
Coronavirus Front-Line Responders Commemorative Coin Act This bill directs the Department of the Treasury to mint and issue up to 50,000 $5 gold coins, 400,000 $1 silver coins, and 300,000 half dollar clad coins in honor and commemoration of the work of the frontline responders to the coronavirus (i.e., the virus that causes COVID-19) pandemic. All surcharges received from the sale of coins issued under this bill shall be promptly paid to the CDC (Centers for Disease Control and Prevention) Foundation to support the health care response to infectious diseases and pandemics.
American Family Act of 2021 This bill modifies the child tax credit to (1) make the credit fully refundable, (2) increase the amount of the credit and allow an additional credit for children who are under six years of age, (3) require the amount of the credit to be adjusted annually for inflation, and (4) require the Department of the Treasury to establish a program for making advance payments of the credit on a monthly basis.
