Budget & Taxes

in committee · United States · House Jan 22, 2026

HR 7222: No Tax on Boat Loan Interest Act of 2026

The No Tax on Boat Loan Interest Act of 2026 would allow individuals to deduct interest paid on loans for qualifying U.S.-manufactured recreational motorboats from their taxable income, similar to how interest on car loans is treated. It defines qualifying boats as motorboats manufactured in the U.S. for recreational use, excluding non-U.S. built vessels, and requires taxpayers to provide the boat's hull identification number on their tax return. This change applies to loans taken out after December 31, 2024, and primarily affects individual boat owners who finance purchases meeting these criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new tax deduction for boat loan interest, providing tax relief similar to car loans, directly advancing tax policy favoring specific recreational vehicle owners.95% confidence

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in committee · United States · House Jul 21, 2025

HR 4548: Small Nonprofit Retirement Security Act of 2025

This bill creates new retirement savings credits for small tax-exempt nonprofits (like community centers or charities) that start or maintain retirement plans. It allows these organizations to claim a credit equal to either their calculated credit amount or their payroll taxes paid during the year, whichever is smaller. The credit applies to both startup costs for new plans and auto-enrollment features, capping the credit at the employer's payroll tax liability. The bill takes effect for taxable years after December 2024, with offsetting funds transferred to Social Security Trust Funds to maintain existing revenue streams.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for nonprofits' payroll taxes, reducing their tax liability to encourage retirement plans. This provides tax relief, aligning with SUPPORT indicators for tax policy.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands retirement benefits for nonprofit employees by creating tax credits for retirement plans, directly supporting worker benefits under employment standards.95% confidence

Sub-Topics Retirement Benefits Tags Small Business

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in committee · United States · House Apr 10, 2025

HR 2872: RESILIENCE Act of 2025

HR 2872 (the RESILIENCE Act of 2025) amends the tax code to change how public utilities can deduct repair and maintenance costs for certain infrastructure. It requires utilities to reduce their taxable income by the same amount they deduct for these repairs on their financial statements, specifically for property owned by the utility and accounted for as depreciation. This applies to utilities owning infrastructure covered under Section 168(i)(10) of the tax code, aligning their tax deductions with financial reporting. The change takes effect for taxable years starting after December 31, 2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesAligns utility tax deductions with financial statements, closing potential loopholes to promote fiscal responsibility per tax code amendment.85% confidence

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in committee · United States · Senate Jun 26, 2025

S 2189: Equal Access to Reproductive Care Act

This bill amends the tax code to allow taxpayers to deduct certain assisted reproductive expenses as medical costs. It defines "assisted reproduction" to include services like in vitro fertilization, egg/sperm donation, and surrogacy (both traditional and gestational). Taxpayers can claim these expenses as medical deductions if they intend to take legal custody of children born through these methods. The change applies to tax years starting after the bill's enactment, directly affecting individuals using these reproductive services who file federal tax returns.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends tax code to allow medical expense deductions for reproductive services, providing tax relief to eligible taxpayers.95% confidence ✓ HealthcareSupports HealthcareBill expands healthcare access by classifying assisted reproductive services as deductible medical expenses, reducing costs for IVF, surrogacy, and egg/sperm donation, directly improving patient access to reproductive care.90% confidence

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in committee · United States · Senate Nov 7, 2025

S 3167: No Troops in Our Streets Act of 2025

This bill gives Congress the power to end military deployments for domestic law enforcement by requiring a specific joint resolution of disapproval with precise details about location, duration, and legal authority. It amends existing law to explicitly allow Congress to terminate exceptions to the Posse Comitatus Act (which restricts military involvement in civilian policing) and National Guard activations under Section 12406. The bill includes $900 million for state/local law enforcement in fiscal year 2026 - split between community violence prevention, emergency aid, and hiring officers - to support the shift away from federal military involvement. It directly affects federal military operations, state/local governments, and Congress's ability to override executive decisions on troop deployments.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $900M for state/local law enforcement funding, directly supporting public safety budget allocations under fiscal management.95% confidence ✓ Criminal JusticeSupports Criminal JusticeRestricts military involvement in domestic policing, aligning with civil rights protections and reducing militarization of law enforcement under criminal justice reform.95% confidence

Sub-Topics Law Enforcement

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in committee · United States · Senate Jun 18, 2025

S 2103: Healthy Food Financing Initiative Reauthorization Act of 2025

This bill reauthorizes annual federal funding for the Healthy Food Financing Initiative (HFFI), which helps expand access to healthy food in underserved communities. It directs $25 million for fiscal year 2025, increasing to $50 million annually starting in 2029, to support projects like grocery stores and farmers' markets in food deserts. The funds, sourced from the Commodity Credit Corporation, directly support low-income neighborhoods lacking affordable fresh food options. This is a procedural funding extension for an existing program, not a new policy change.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $25M-$50M annually for food access programs via Commodity Credit Corp, increasing government spending on public service.95% confidence ✓ HealthcareSupports HealthcareBill increases federal funding for Healthy Food Financing Initiative to expand access to healthy food in underserved communities, addressing nutrition as a component of healthcare.85% confidence

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in committee · United States · Senate Jun 10, 2025

S 2002: REMIT Act

The REMIT Act imposes a 15% excise tax on international money transfers (remittances) sent by non-U.S. citizens or through non-qualified providers. Senders pay the tax, which remittance providers collect and remit to the IRS quarterly. U.S. citizens/nationals sending money through "qualified providers" (those with IRS agreements verifying sender status) are exempt from the tax and can claim a refundable tax credit for amounts paid. The law requires providers to report transfer details to the IRS and mandates senders provide Social Security numbers to claim the credit, with all provisions effective after 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 15% tax on international remittances, generating new IRS revenue to fund government operations, aligning with fiscal responsibility and budget strengthening.95% confidence ✗ ImmigrationOpposes ImmigrationBill imposes financial penalties on remittances sent by non-citizens, restricting immigrant access to financial services and increasing economic barriers for immigrants.85% confidence

Sub-Topics Sales Tax Tax Credits

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in committee · United States · Senate Feb 13, 2025

S 584: Tax Fairness for Survivors Act

This bill exempts from federal income tax payments received as judgments, awards, or settlements related to sexual assault or sexual harassment claims. It directly affects survivors who win such claims, including amounts for back pay, punitive damages, attorney fees, and other related payments. Key provisions amend the tax code to exclude these specific payments from taxable income, social security taxes, railroad retirement taxes, unemployment taxes, and wage withholding. The law applies to taxable years beginning after the bill's enactment date.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts survivors' settlements from federal taxes, providing direct tax relief. Aligns with support indicators for tax relief to vulnerable groups.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts tax on harassment settlement funds, protecting survivors' financial recovery under workplace rights.95% confidence

Sub-Topics Income Tax Employment Discrimination Unemployment

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in committee · United States · House Nov 20, 2025

HR 6236: BOOST Act of 2025

The BOOST Act of 2025 establishes a new monthly $250 payment program for qualifying adults aged 19 to 67 who are U.S. citizens, nationals, or certain qualified immigrants residing in the U.S. These payments, adjusted annually for inflation, are funded by a new 2.5% supplemental tax on adjusted gross income exceeding $60,000 for joint filers (or $30,000 for individuals). The tax applies to all taxable income above these thresholds with no deductions or credits allowed, and the payments are excluded from income calculations for other federal benefits. The Social Security Administration’s new Office of Universal Adult Assistance will administer the program, including eligibility verification and annual reporting to Congress.

Topics ✓ Budget & TaxesSupports Budget & TaxesFunds $250 monthly payments via new 2.5% tax on income above $30k/$60k thresholds, promoting fiscal responsibility and program funding.95% confidence

Sub-Topics Income Tax Tax Credits

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died · United States · Senate Oct 9, 2025

S 2882: Continuing Appropriations and Extensions and Other Matters Act, 2026

This bill provides continuing appropriations for federal government operations through October 31, 2025, ensuring that agencies can maintain essential services without interruption. It authorizes funding for departments including Defense, Health and Human Services, Veterans Affairs, and Transportation, while extending specific programs like community health centers, Medicare services, and veterans' benefits. Key provisions include maintaining funding levels for existing programs, extending deadlines for various health and human services initiatives through October 2025, and providing specific amounts for programs like the WIC food assistance program. The bill also includes numerous extensions for programs that would otherwise expire, such as the National Health Service Corps and certain Medicare payment adjustments. This continuing resolution prevents government shutdowns by providing temporary funding until a full fiscal year 2026 appropriations bill can be enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesMaintains current funding levels for essential programs including health, veterans, and defense services without cuts or tax changes.90% confidence ✓ HealthcareSupports HealthcareMaintains funding for community health centers, Medicare, and veterans' healthcare services, preserving existing coverage and access without cuts or restrictions.95% confidence ✓ TransportationSupports TransportationBill explicitly authorizes funding for Transportation department, maintaining existing program levels without defunding or restrictions.95% confidence ✓ VeteransSupports VeteransBill explicitly authorizes funding for Veterans Affairs and extends veterans' benefits per summary, directly advancing veteran services.95% confidence

Sub-Topics Appropriations Procurement Tax Credits Insurance Medicaid Medicare

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