Budget & Taxes

in committee · United States · Senate May 22, 2025

S 1904: Ending Taxpayer Support for Big Egg Producers Act

This bill amends federal law to restrict government compensation for large egg producers affected by avian influenza. It defines "covered entities" as egg producers with over $100 million in annual revenue or 1,500 employees, requiring them to certify they will not pay dividends or repurchase stock for two years after receiving payments. Private equity-owned or public companies must also certify they cannot access other funding without significant harm to operations. Violating these certification requirements could trigger repayment of funds plus fines or up to 5 years in prison. The bill targets existing indemnity payments under the Animal Health Protection Act, not new funding.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts government compensation for large egg producers, limiting taxpayer funding to covered entities under specific certification requirements.95% confidence

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in committee · United States · House Jan 23, 2025

HR 684: Protecting American Savers and Retirees Act

HR 684, the Protecting American Savers and Retirees Act, repeals a tax on corporate stock buybacks. The bill removes Chapter 37 of the Internal Revenue Code, which imposed an excise tax on companies repurchasing their own shares. This change directly affects corporations that engage in stock buyback programs by eliminating this tax liability. The repeal takes effect for taxable years beginning after December 31, 2024.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals corporate tax on stock buybacks, creating tax break primarily for corporations/wealthy shareholders per tax code removal.95% confidence

Sub-Topics Sales Tax

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in committee · United States · Senate May 19, 2025

S 1804: Presidential Airlift Security Act of 2025

This bill prohibits using Department of Defense funds for fiscal years 2025-2026 to buy, modify, restore, or maintain aircraft previously owned by foreign governments or their entities for presidential airlift. It directly affects the Pentagon's budget planning for presidential transportation security by banning foreign-owned aircraft from being used for this purpose. The key provision blocks funding for any aircraft that was previously controlled by a foreign government, ensuring presidential airlift options remain domestically sourced. This is a concrete policy change to restrict foreign involvement in high-level presidential travel security.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts Defense budget spending by banning funds for foreign-owned aircraft in presidential airlift, directly limiting government expenditure in a specific program.90% confidence

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in committee · United States · House Mar 31, 2025

HR 2524: REPEAL CBO Requirements Act

HR 2524, the "REPEAL CBO Requirements Act," would allow congressional committees (excluding Appropriations committees) to replace Congressional Budget Office (CBO) budget estimates with estimates from private accounting firms. Specifically, committee chairs could obtain budget cost estimates from the top 10 accounting firms by revenue instead of the CBO for any bill or resolution, using these private estimates for budget enforcement under key laws like the Balanced Budget Act and Pay-As-You-Go rules. The bill requires that if a private firm's estimate is used, the CBO would no longer prepare an estimate for that measure. This change would shift the responsibility for budget scoring from the nonpartisan CBO to for-profit accounting firms for most legislative measures.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill replaces nonpartisan CBO budget analysis with private firms, reducing oversight and accountability in fiscal management per its summary.85% confidence

Sub-Topics Appropriations State Budget

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in committee · United States · Senate Jun 10, 2025

S 2017: S Corporation Modernization Act of 2025

This bill modernizes S corporation tax treatment with several key changes. It increases the passive investment income limit from 25% to 60% and removes excessive passive income as a termination event, making it easier for S corporations to maintain their status. The bill also allows nonresident aliens and IRAs to be shareholders, and creates a deduction for shareholders who inherit S corporation stock, allowing them to amortize built-in gains over 15 years. These changes aim to make S corporations more flexible and attractive for business owners and investors.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax breaks for wealthy S corp shareholders via expanded ownership (nonresident aliens/IRAs) and inheritance deductions, aligning with 'oppose' indicators.90% confidence

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in committee · United States · House Apr 21, 2025

HR 2982: Fair Taxation of Digital Assets in Puerto Rico Act of 2025

This bill changes how digital asset income is taxed for Puerto Rican residents under federal law. It specifies that income from digital assets - such as mining, staking, holding (including forks/airdrops), or selling/exchanging them - will no longer be treated as derived from Puerto Rico for tax purposes. This means such income would not be subject to Puerto Rico's tax jurisdiction under the Internal Revenue Code. The provision applies to taxable years beginning after the bill's enactment, directly affecting Puerto Rican residents earning income through these digital asset activities. The bill defines "digital asset" as a cryptographically secured digital representation of value recorded on a distributed ledger.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRemoves Puerto Rico's tax jurisdiction over digital asset income, reducing potential state revenue and weakening fiscal management.95% confidence

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in committee · United States · House May 21, 2025

HR 3540: Low-Income Housing Tax Credit Elimination Act

HR 3540, the Low-Income Housing Tax Credit Elimination Act, eliminates the federal Low-Income Housing Tax Credit (LIHTC) for new housing projects. It directly affects developers and investors who rely on this tax credit to fund affordable housing construction. The bill amends the tax code to end eligibility for the credit on buildings placed in service after the law's effective date. This means no new tax credits will be available for affordable housing developments starting in the next taxable year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEliminates tax credit funding for affordable housing, directly defunding a key public housing program through tax code changes.95% confidence ✗ HousingOpposes HousingEliminates LIHTC, a critical federal funding source for affordable housing development, directly reducing new affordable housing construction and cutting housing assistance.95% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Housing Finance

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in committee · United States · House Jan 23, 2025

HR 662: Promoting Domestic Energy Production Act

HR 662 amends the tax code to change how oil and gas companies calculate taxable income related to intangible drilling and development costs. It allows companies to disregard certain depreciation and depletion expenses recorded on their financial statements when computing taxable income, effectively reducing their tax burden on these specific costs. The bill directly affects oil and gas producers who use intangible drilling costs in their operations. The changes apply to taxable years beginning after December 31, 2025. This is a tax code adjustment, not a direct policy change for energy production.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reduces tax burden for oil/gas companies via tax code changes, creating targeted tax breaks for corporations, aligning with 'tax breaks primarily for wealthy' indicator.90% confidence ✗ EnergyOpposes EnergyReduces tax burden for oil/gas producers by changing depreciation rules, directly favoring fossil fuel production over renewable energy development.95% confidence ✗ EnvironmentOpposes EnvironmentBill reduces tax burden for oil/gas producers, promoting fossil fuel production without environmental safeguards, directly opposing climate/conservation goals.85% confidence

Sub-Topics Oil & Gas

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in committee · United States · House Jan 3, 2025

HR 199: Implementing DOGE Act

This bill requires automatic, across-the-board spending cuts to nonsecurity federal programs for fiscal years 2026 and beyond. It targets nonsecurity discretionary spending (like education, transportation, and environmental programs) by rescinding the percentage of growth above 1% compared to the previous year's funding. The cuts apply proportionally to all nonsecurity programs after appropriations are made available for the fiscal year (by September 30). Security-related spending (such as defense) is excluded from these reductions.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill mandates automatic cuts to nonsecurity discretionary programs (education, transportation, environment), defunding essential services per indicators.90% confidence ✗ EducationOpposes EducationBill mandates across-the-board cuts to nonsecurity discretionary spending, explicitly including education programs, resulting in defunding.95% confidence ✗ EnvironmentOpposes EnvironmentBill mandates across-the-board spending cuts to nonsecurity federal programs including environmental programs, effectively defunding environmental initiatives.85% confidence ✗ HealthcareOpposes HealthcareBill mandates across-the-board spending cuts to nonsecurity federal programs, which would likely reduce funding for healthcare services and public health initiatives included in those programs.75% confidence ✗ TransportationOpposes TransportationBill mandates across-the-board cuts to nonsecurity discretionary programs including transportation, reducing funding by rescinding growth above 1%.95% confidence

Sub-Topics Appropriations Government Spending

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in committee · United States · Senate May 13, 2025

S 1721: Energy Freedom Act

The Energy Freedom Act (S 1721) repeals numerous tax credits and incentives for clean energy, energy efficiency, and alternative fuels currently included in the Internal Revenue Code. This bill affects individuals, businesses, and organizations that currently benefit from these credits, including homeowners making energy-efficient home improvements, clean energy producers, and manufacturers of alternative fuels. The legislation specifically eliminates credits for residential and commercial energy efficiency, clean vehicles, renewable energy production, biofuels, and other clean energy technologies. Most provisions will take effect for tax years beginning after December 31, 2025, with some provisions taking effect January 1, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals tax credits for clean energy/efficiency, defunding incentives that reduce government spending through tax breaks.95% confidence ✗ EnergyOpposes EnergyRepeals tax credits for clean energy, energy efficiency, and alternative fuels, directly weakening incentives for renewables and efficiency programs.95% confidence ✗ EnvironmentOpposes EnvironmentBill repeals tax credits for clean energy, energy efficiency, and alternative fuels, directly defunding environmental initiatives and removing financial incentives for clean energy adoption.95% confidence ✗ HousingOpposes HousingRepeals tax credits for energy-efficient home improvements, increasing costs for homeowners and reducing housing affordability.80% confidence

Sub-Topics Energy Efficiency Renewable Energy

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