Budget & Taxes

in committee · United States · House Jan 7, 2026

HR 6970: To amend the Internal Revenue Code of 1986 to exclude from gross income the earnings from certain overseas deployments of members of the Armed Forces.

This bill makes earnings tax-free for military members serving overseas in temporary assignments, expanding an existing tax exclusion beyond just combat zones. It covers both enlisted personnel and commissioned officers who serve outside the U.S. in non-combat deployments, excluding service under permanent change of station orders. The exclusion applies to taxable years beginning after December 31, 2025, directly affecting active-duty service members on temporary overseas duty. This policy change simplifies tax treatment for military pay during overseas temporary assignments without altering permanent station service rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax exclusion for military earnings, reducing tax burden per tax relief indicators in Budget & Taxes policy area.95% confidence

Track

in committee · United States · Senate Mar 11, 2025

S 925: Credit for Caring Act of 2025

S. 925 (Credit for Caring Act of 2025) creates a 30% tax credit for eligible family caregivers incurring qualified expenses to care for a certified relative with long-term care needs. It directly affects caregivers who earn over $7,500 annually and pay expenses exceeding $2,000 per year for care recipients certified by a healthcare professional as needing at least 180 days of care during the tax year. The credit covers costs like human assistance, home modifications, transportation, and respite care, with a maximum annual credit of $5,000 (adjusted for inflation). The credit phases out for taxpayers with modified adjusted gross income above $75,000 ($150,000 for joint filers). The bill applies to taxable years beginning after December 31, 2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 30% tax credit for caregivers, reducing tax burden for qualifying middle-income earners per bill's tax relief mechanism.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for family caregivers of long-term care recipients, improving access to care and reducing financial burden on families within healthcare system.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credits to family caregivers, expanding financial support for workers balancing caregiving responsibilities with employment.75% confidence

Sub-Topics Tax Credits Long-Term Care

Track

in committee · United States · House Dec 17, 2025

HR 6784: Home Lead Safety Tax Credit Act of 2025

HR 6784 creates a federal tax credit allowing homeowners to claim 50% of costs for removing lead hazards in homes built before 1978, directly affecting owners of older properties. The credit covers certified lead abatement (up to $3,000 per home) or interim safety measures (up to $1,000), with a lifetime cap of $4,000 per residence. Homeowners must use certified professionals, provide documentation of completed work meeting federal standards, and cannot double-dip with state/local credits. The credit expires after December 31, 2028, and applies to costs incurred after December 31, 2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates federal tax credit (50% of lead abatement costs) providing direct tax relief to homeowners, primarily benefiting lower/middle-income property owners of older homes.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credits for lead hazard removal, directly reducing environmental pollution and protecting public health from toxic substances in older homes.90% confidence ✓ HousingSupports HousingProvides tax credit for lead abatement in older homes (pre-1978), promoting safer housing stock and reducing health risks in affordable housing properties.90% confidence

Sub-Topics Tax Credits Historic Preservation Homeownership Property Taxes

Track

in committee · United States · Senate Jan 9, 2025

S 62: America First Act

The America First Act would restrict eligibility for numerous federal benefit programs based on immigration status. It requires verification of citizenship or lawful immigration status for programs including Medicaid, Medicare, Head Start, school meals, WIC, the Child Tax Credit, Earned Income Tax Credit, and housing assistance. The bill specifically would deny benefits to individuals who are unlawfully present in the U.S. or who have certain immigration statuses including parolees, Temporary Protected Status (TPS) recipients, DACA recipients, and asylum seekers. These provisions would directly affect millions of immigrants and their families who currently qualify for these programs. The bill would also prohibit use of FEMA assistance for certain non-citizens and limit access to postsecondary financial aid based on immigration status.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts eligibility for federal benefits including tax credits (EITC), reducing government spending on programs like Medicaid and WIC.95% confidence ✗ EducationOpposes EducationRestricts school meal and Head Start access by denying benefits to immigrants, limiting educational access for affected students95% confidence ✗ HealthcareOpposes HealthcareRestricts Medicaid, Medicare, and WIC eligibility for undocumented immigrants, directly limiting access to healthcare benefits and public health programs.95% confidence ✗ HousingOpposes HousingDenies housing assistance to undocumented immigrants and parolees, restricting access to federal housing benefits95% confidence ✗ ImmigrationOpposes ImmigrationRestricts federal benefits for undocumented and certain immigrant statuses, denying access to Medicaid, housing assistance, and other programs per bill summary.95% confidence

Sub-Topics Income Tax Tax Credits Early Childhood Student Financial Aid Student Health Medicaid Medicare Community Development Property Development Citizenship & Naturalization DACA & Dreamers Work Authorization

Track

in committee · United States · Senate Jan 9, 2025

S 64: A bill to direct the United States Postal Service to designate a single, unique ZIP Code for Fairlawn, Virginia, and for other purposes.

This bill directs the U.S. Postal Service to assign a unique ZIP code specifically for Fairlawn, Virginia - a community located in Pulaski County but not part of any city. It aims to resolve a tax misallocation issue where online sales taxes collected in Fairlawn are incorrectly sent to the nearby independent city of Radford due to shared ZIP codes. The change would ensure Fairlawn’s tax revenue stays local for community services, directly affecting residents and local government funding in Fairlawn. The USPS must complete this designation within 180 days of the bill’s enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesFixes tax misallocation issue to ensure local sales tax revenue stays in Fairlawn for community services, promoting proper fiscal management.90% confidence

Sub-Topics Revenue

Track

in committee · United States · House Jan 15, 2026

HR 7118: Genomic Answers for Children’s Health Act of 2026

HR 7118, the Genomic Answers for Children’s Health Act of 2026, requires Medicaid to cover whole genome and whole exome sequencing for Medicaid-eligible children with specific medical needs, including genetic disorders, rare diseases, congenital anomalies, developmental delays, or intellectual disabilities. It mandates that this testing be ordered as a first-tier test by a physician and paid separately, not bundled with other services. The bill also requires the Department of Health and Human Services to convene stakeholders, conduct outreach to raise awareness, and publish a report within two years detailing state payment rates and usage data. Additionally, it directs a Comptroller General report assessing implementation barriers, workforce challenges, and payment alignment with market costs. The changes take effect January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates Medicaid funding for genomic testing, increasing government spending on healthcare services for eligible children.95% confidence ✓ HealthcareSupports HealthcareMandates Medicaid coverage for genomic testing, expanding access to genetic services for eligible children with medical needs.95% confidence

Sub-Topics Audits & Accountability Children's Health Medicaid

Track

in committee · United States · House Feb 20, 2026

HR 7636: To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.

HR 7636 creates a new tax credit for individuals affected by unlawfully imposed tariffs. It allows eligible individuals (excluding non-residents, those with dependents claimed by others, and estates/trusts) to receive a refundable credit equal to their household's share of total tariff revenues repaid by the government after a court orders repayment of unlawfully collected tariffs (imposed after January 20, 2025). The credit amount is calculated by dividing total repaid tariff revenues by the number of eligible households, with household size including the individual plus dependents. The credit applies to taxable years ending before the court order date, with refunds processed rapidly and without interest. A separate provision also imposes a 100% excise tax on corporate tariff refunds not passed to consumers.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit for individuals affected by unlawful tariffs, providing direct tax relief to eligible taxpayers.95% confidence

Sub-Topics Sales Tax Tax Credits

Track

in committee · United States · House Feb 13, 2026

HR 7576: AI Workforce Training Act

HR 7576, the AI Workforce Training Act, creates a 30% tax credit for businesses covering qualified AI training costs for their employees. It directly affects businesses that pay for employees to attend accredited AI training programs (such as courses on machine learning or AI ethics), cover wages during training, or develop in-house AI training. The credit is capped at $2,500 per employee per year, adjusted for inflation after 2026. The bill also requires federal agencies to launch a public outreach campaign promoting the credit and submit annual reports to Congress on its implementation.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 30% business tax credit for AI training, reducing corporate tax liability. Direct tax incentive aligns with tax relief policy indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit for employer-funded AI training including wage coverage during training, directly supporting worker upskilling and employment opportunities.85% confidence ✓ TechnologySupports TechnologyBill provides 30% tax credit for AI workforce training, directly promoting investment in AI skills development and advancing technology sector growth.95% confidence

Sub-Topics Tax Credits Workforce Development Artificial Intelligence

Track

in committee · United States · House Feb 11, 2026

HR 7493: Stop Corporate Inversions Act of 2026

The Stop Corporate Inversions Act of 2026 modifies U.S. tax rules to prevent corporations from avoiding U.S. taxes by restructuring as foreign entities. It targets foreign corporations that acquired U.S. businesses after May 8, 2014, by treating them as domestic corporations if they meet specific thresholds: either over 50% of their stock is held by former U.S. shareholders or management/control is primarily based in the U.S. with significant U.S. business activities (at least 25% of employees, compensation, assets, or income located in the U.S.). This applies to taxable years ending after May 8, 2014, and aims to ensure such corporations pay U.S. taxes on their U.S. operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses corporate tax loophole by treating certain foreign entities as domestic, increasing tax revenue and promoting fiscal responsibility.95% confidence

Track

passed · United States · House Jul 13, 2026

HR 7128: TRIA Program Reauthorization Act of 2026

The TRIA Program Reauthorization Act of 2026 extends the Terrorism Risk Insurance Act (TRIA) through 2034, replacing its previous 2027 expiration date. It raises the financial threshold requiring federal assistance for terrorism-related insurance losses from $5 million to $25 million per incident. The bill also mandates that the Treasury Secretary publish a Federal Register notice within 30 days of starting a terrorism certification review and requires certification to be completed within 90 days of that notice. Additionally, it updates the program's official name from "Terrorism Insurance Program" to "Terrorism Risk Insurance Program" and adjusts related expiration dates in the law.

Topics ✓ Budget & TaxesSupports Budget & TaxesRaises TRIA threshold to $25M, reducing federal spending on terrorism insurance claims and promoting fiscal responsibility in government program management.90% confidence

Track