Budget & Taxes

in committee · United States · House Feb 13, 2025

HR 1298: Veterans Jobs Opportunity Act

The Veterans Jobs Opportunity Act creates a tax credit for veterans or their spouses starting small businesses in underserved communities. It allows eligible businesses to claim a 15% credit on up to $50,000 of qualifying start-up costs (like equipment or lease payments) during their first two years of operation. To qualify, the business must be owned and controlled by a veteran or spouse, located in an underserved area (such as a HUBZone or persistent poverty county), and meet small business size limits (under $5 million in annual revenue or 50 employees). The credit is claimed as part of the general business credit, requires taxpayer election, and the Treasury must evaluate its effectiveness every four years.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 15% tax credit for veterans' startups in underserved areas, reducing tax burden and incentivizing small business growth within fiscal policy framework.95% confidence ✓ VeteransSupports VeteransProvides 15% tax credit for veteran-owned small businesses in underserved areas, directly supporting veteran employment opportunities and business creation.95% confidence

Sub-Topics Tax Credits Veteran Benefits Veteran Employment Veteran Housing Tags Small Business

Track

in committee · United States · House Feb 11, 2025

HR 1208: No Tax Breaks for Radical Corporate Activism Act

This bill denies tax deductions to employers for expenses related to two specific services: (1) reimbursing employees for travel to obtain an abortion, and (2) covering gender transition procedures for a minor child (under age 18). It directly affects employers who provide health benefits or reimbursements for these services, making such costs non-deductible for tax purposes. Key provisions define "gender transition procedure" broadly to include medical/surgical services, puberty-blocking drugs, and cross-sex hormones, with limited exceptions for medically verified disorders of sex development or complications from prior procedures. The law would take effect for taxable years after enactment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDenies tax deductions for specific employer expenses, directly restricting tax breaks for health-related services under fiscal policy.95% confidence ✗ HealthcareOpposes HealthcareDenies tax deductions for abortion travel reimbursement and gender transition procedures for minors, reducing employer coverage and limiting patient access to these healthcare services.90% confidence ✗ Labor & EmploymentOpposes Labor & EmploymentDenies tax deductions for employer-provided abortion travel and gender transition care, discouraging such benefits and restricting employee access to healthcare support.85% confidence

Sub-Topics Hospitals Women's Health

Track

in committee · United States · House Mar 6, 2025

HR 1946: 45Q Repeal Act of 2025

HR 1946, the 45Q Repeal Act of 2025, eliminates the federal tax credit for carbon capture and sequestration projects. It directly affects energy companies and industrial facilities that previously used this credit to offset costs of capturing carbon dioxide emissions. The bill removes Section 45Q from the tax code and amends related provisions to delete all references to the credit, effective for taxable years starting after December 31, 2025. This ends a financial incentive that encouraged investment in carbon capture technology.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals tax credit for carbon capture, removing financial incentive for energy companies, reducing tax benefits under tax code provisions.90% confidence ✗ EnergyOpposes EnergyRepeals tax credit for carbon capture, weakening a clean energy incentive for fossil fuel emission reduction in energy production.90% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credit for carbon capture, removing financial incentive for emissions reduction projects, weakening climate mitigation efforts.95% confidence

Sub-Topics Tax Credits

Track

in committee · United States · House Mar 18, 2025

HR 2173: Tools Tax Deduction Act

This bill allows employees in trades requiring specialized tools (like construction) to deduct work-related expenses directly from their gross income, rather than as itemized deductions. Specifically, it creates an above-the-line deduction for construction tools, personal protective gear, and other necessary work expenses. This change exempts these costs from the usual 2% floor on miscellaneous itemized deductions. The policy affects blue-collar workers who must purchase or maintain essential equipment to perform their jobs, making these costs fully deductible starting in 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates above-the-line tax deduction for trade workers' tool expenses, reducing taxable income for blue-collar workers - direct tax relief for middle-income earners.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates above-the-line deduction for work expenses (tools, safety gear), reducing taxable income for blue-collar workers and easing financial burden related to employment.85% confidence

Sub-Topics Income Tax

Track

passed · United States · House Jul 21, 2026

HR 2001: Action for Dental Health Act

HR 2001 increases annual funding for a grant program supporting dental workforce development from $13.9 million to $15 million, extending the program through fiscal years 2026-2030 (previously 2019-2023) under the Public Health Service Act. The bill modifies existing funding levels to maintain support for addressing dental workforce shortages, with funds remaining available until expended. This change directly affects the operation of the grant program and its ability to fund dental workforce initiatives.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases dental workforce grant funding from $13.9M to $15M, extending program support through 2030, directly advancing public health funding.90% confidence ✓ HealthcareSupports HealthcareIncreases dental workforce grant funding ($13.9M→$15M) to address workforce shortages, directly advancing healthcare access under Public Health Service Act.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill increases funding for dental workforce development grants, directly advancing employment standards and workforce training in healthcare sector.85% confidence

Sub-Topics Public Health Workforce Development

Track

in committee · United States · House Feb 18, 2025

HR 1408: Affordable Child Care Act

This bill doubles key tax benefits for child care expenses. It increases the maximum child and dependent care credit from $3,000 to $6,000 per child (and $6,000 to $12,000 for two or more children) and doubles the dependent care assistance program limit from $5,000 to $10,000 annually. It also doubles the employer credit for providing child care from $150,000 to $300,000 per year. These changes directly affect working parents paying for child care and employers offering on-site or subsidized care, applying to tax years starting in 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesDoubles tax credits for child care expenses, providing direct tax relief to working parents and employers, aligning with support indicators for middle-income tax relief.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentDoubles tax credits for child care expenses, directly supporting working parents' employment stability and reducing financial burden.90% confidence

Sub-Topics Tax Credits

Track

in committee · United States · House Mar 28, 2025

HR 1271: To provide additional funding for scholarships for students at 1890 institutions, and for other purposes.

HR 1271 increases funding for scholarships at 1890 institutions - historically Black colleges and universities established under the Second Morrill Act - by adding mandatory annual support. It amends existing law to explicitly include bachelor's and graduate programs in scholarship eligibility and requires $15 million annually from the Commodity Credit Corporation starting in fiscal year 2025, to remain available until spent. This funding directly supports students at these institutions by expanding access to financial aid for higher education. The bill updates previous funding language to ensure ongoing support beyond 2023.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $15M annually from Commodity Credit Corp for 1890 institution scholarships, increasing government spending on education programs.95% confidence ✓ EducationSupports EducationIncreases mandatory annual funding ($15M) for scholarships at 1890 institutions, expanding eligibility to bachelor's/graduate programs, directly advancing educational access and funding for higher education.95% confidence

Sub-Topics Higher Education Student Financial Aid

Track

in committee · United States · House Mar 3, 2025

HR 1818: Aviation Workforce Development Act

HR 1818, the Aviation Workforce Development Act, expands tax-advantaged 529 college savings plans to cover costs for aviation maintenance and commercial pilot training. It allows families to use 529 funds for tuition, fees, books, and equipment at qualifying schools - specifically aviation maintenance technician programs under FAA Part 147 rules or commercial pilot courses at FAA-certified flight schools (Part 61 or Part 141). The bill directly affects students pursuing these aviation careers by making their training more affordable through existing tax-advantaged savings accounts. The change applies to distributions made after the law's enactment date.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax-advantaged 529 plans to cover aviation training costs, extending existing tax benefits for families without increasing taxes or defunding programs.95% confidence ✓ EducationSupports EducationExpands 529 college savings to cover aviation training costs, increasing access to higher education funding for specific career pathways.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands 529 plans for aviation training, directly funding workforce development in high-demand sectors, advancing employment opportunities.95% confidence

Sub-Topics Higher Education Workforce Development

Track

in committee · United States · House Feb 14, 2025

HR 1367: ELITE Vehicles Act

The ELITE Vehicles Act repeals federal tax credits for purchasing new electric vehicles, used clean vehicles, and commercial clean vehicles. It also eliminates the tax credit for installing electric vehicle charging infrastructure. These changes apply to vehicles purchased or with a binding contract entered into 30 days after the bill's enactment. The bill directly affects consumers and businesses that previously used these credits to offset the cost of electric vehicles and charging stations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals federal tax credits for EVs and charging infrastructure, directly reducing tax benefits for consumers/businesses.95% confidence ✗ EnergyOpposes EnergyRepeals tax credits for EVs and charging infrastructure, directly reducing incentives for clean energy vehicle adoption and infrastructure development.95% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credits for EVs and charging infrastructure, reducing incentives for clean transportation adoption and increasing emissions.95% confidence ✗ TechnologyOpposes TechnologyBill eliminates tax credits for electric vehicles and charging infrastructure, restricting technology adoption and limiting clean vehicle access.90% confidence ✗ TransportationOpposes TransportationRepeals tax credits for EVs and charging infrastructure, removing financial incentives that promote sustainable transportation adoption.95% confidence

Sub-Topics Business Taxes Procurement Tax Credits Electric Vehicles Electric Vehicles

Track

in committee · United States · House Feb 14, 2025

HR 1370: USA FIRST Act

This bill redirects unspent funds from the U.S. Agency for International Development (USAID) to the federal disaster relief fund. It requires transferring any unobligated USAID funds - those not yet committed to specific projects as of the bill's enactment - to support disaster response under the Robert T. Stafford Act. The change affects USAID's budget by shifting unused resources to immediate disaster relief efforts, rather than new spending. This is a procedural reallocation of existing funds, not new funding.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects unspent USAID funds to disaster relief, demonstrating fiscal responsibility by utilizing existing budget resources for urgent public needs without new appropriations.85% confidence

Tags Emergency Management

Track