Budget & Taxes

in committee · United States · House Feb 13, 2025

HR 1347: AIMM Act

HR 1347, the AIMM Act, permanently extends a tax provision allowing businesses to deduct depreciation, amortization, or depletion when calculating their business interest expense limit. This change directly affects manufacturers and other businesses that use these deductions for tax purposes. The bill amends the tax code to remove the previous expiration date (which applied only to years before 2022), making the deduction rule permanent for all future taxable years. The key change is eliminating a temporary provision, providing ongoing certainty for business tax calculations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesPermanently extends business tax deduction, creating tax break for corporations, aligning with 'oppose' indicator of favoring wealthy entities.95% confidence

Sub-Topics Business Taxes

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in committee · United States · House Oct 17, 2025

HRES 812: Condemning the United Nations and International Maritime Organization for proposing a global tax on shipping emissions, threatening United States sovereignty, trade, and economic interests.

HRES 812 is a non-binding House resolution condemning the International Maritime Organization (IMO) and United Nations for proposing a global tax on shipping emissions. It opposes the plan to require vessels to pay into a centralized international fund based on carbon emissions, arguing this would threaten U.S. sovereignty, raise costs for American exporters, and harm trade competitiveness. The resolution demands that U.S. representatives at the IMO vote against the proposal and asserts that no American shipping company can be taxed by international bodies without Congressional approval. It also calls for reciprocal measures against nations enforcing such a tax, though the resolution itself has no legal effect.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly opposes a proposed global tax on shipping emissions, arguing it threatens U.S. economic interests and sovereignty, directly opposing a tax measure.95% confidence ✗ EnvironmentOpposes EnvironmentBill opposes a global shipping emissions tax, resisting an environmental regulation intended to reduce emissions and fund climate efforts, arguing it threatens U.S. sovereignty and trade.95% confidence ✗ TransportationOpposes TransportationBill explicitly opposes a global tax on shipping emissions, which would impact transportation sector operations and costs, aligning with 'oppose' stance against regulatory restrictions.95% confidence

Sub-Topics Climate Change Ports

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in committee · United States · House May 5, 2025

HR 3205: No Subsidies for Gender Transition Procedures Act

This bill would deny federal tax deductions for gender transition procedures and prohibit Medicaid, Medicare, and Children's Health Insurance Program (CHIP) funding for such procedures. It defines gender transition procedures broadly to include hormonal treatments, surgeries, and cosmetic procedures intended to align physical appearance with gender identity, with limited exceptions for medically necessary treatments related to disorders of sex development or life-threatening conditions. The legislation would also require health insurance plans to exclude gender transition procedures from essential health benefits under the Affordable Care Act. This would directly affect individuals seeking gender transition care who rely on federal health programs or tax deductions for medical expenses.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill denies tax deductions and prohibits federal funding (Medicaid/Medicare/CHIP) for gender transition procedures, directly restricting tax benefits and defunding health services under budget & taxes.95% confidence ✗ HealthcareOpposes HealthcareProhibits Medicaid/Medicare/CHIP funding for gender transition procedures, restricting access to healthcare services for transgender individuals under federal programs.95% confidence

Sub-Topics Children's Health Insurance Medicaid

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in committee · United States · Senate Jun 25, 2025

S 2174: NATO Act

S 2174 (NATO Act) would withdraw the United States from NATO by requiring the President to notify the treaty organization of denunciation within 30 days of enactment. It prohibits federal funds from supporting any U.S. contributions to NATO's budgets, including military and civil programs. This bill satisfies a legal requirement for congressional authorization regarding NATO withdrawal, as specified in the National Defense Authorization Act for Fiscal Year 2024. The legislation directly affects U.S. foreign policy and military funding obligations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds NATO contributions by prohibiting federal funds for U.S. NATO budget support, directly reducing government spending on military alliances.95% confidence

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in committee · United States · House Apr 7, 2025

HJRES 14: Proposing an amendment to the Constitution of the United States to repeal the sixteenth article of amendment.

HJRES 14 proposes repealing the 16th Amendment to the U.S. Constitution, which currently authorizes Congress to levy income taxes. If enacted, this would eliminate the federal government's power to collect income taxes from all sources, except during a formally declared war by Congress. The bill includes a two-year implementation period after ratification and requires the Treasury Secretary to submit a report on necessary legislative changes within 180 days of ratification. This proposal directly affects all U.S. taxpayers and the federal tax system, but remains a formal constitutional amendment proposal pending ratification by 38 states.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill proposes repealing the 16th Amendment, eliminating federal income tax authority, which would drastically reduce government revenue and restrict tax collection powers.95% confidence

Sub-Topics Income Tax

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in committee · United States · House Nov 21, 2025

HR 6246: Save American Healthcare Act

This bill extends health insurance premium tax credits for taxpayers with household incomes above 400% of the poverty line, temporarily allowing credits for those who would otherwise lose eligibility. It modifies the Internal Revenue Code to apply this extension without a fixed end date, instead tying it to budget estimates that must balance increased federal costs against tariff revenue gains. The key provision adjusts how the credit amount is calculated for tax years beginning after December 31, 2025, using a temporary rule based on projected federal budget impacts. It directly affects middle- and higher-income individuals who rely on these subsidies to afford health insurance coverage. The bill does not change eligibility thresholds but extends current subsidy rules under specific fiscal constraints.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExtends tax credits to higher-income taxpayers (above 400% poverty), creating tax breaks for wealthy, aligning with 'oppose' indicators.85% confidence ✓ HealthcareSupports HealthcareExtends health insurance premium tax credits for higher-income individuals, preventing loss of eligibility and expanding coverage access. Directly strengthens insurance affordability under healthcare policy.95% confidence

Sub-Topics Tax Credits Insurance

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failed · United States · House Mar 18, 2026

HJRES 139: Proposing an amendment to the Constitution of the United States requiring a balanced budget for the Federal Government.

This joint resolution proposes a constitutional amendment prohibiting total federal expenditures for a year from exceeding the average annual federal receipts collected in the three prior years, adjusted for changes in the population of U.S. citizens and inflation. Expenditures for payment of debt and receipts derived from borrowing are excluded. Under the amendment, Congress may authorize specific expenditures in excess of the limit with (1) a roll call vote of two-thirds of each chamber, or (2) a roll call vote for any year in which a declaration of war is in effect. The amendment also prohibits any bill to levy a new tax or increase the rate of any tax from becoming law unless it has been approved by a roll call vote of two-thirds of the whole number of each chamber of Congress. The requirements take effect in the fifth year beginning after ratification of the amendment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill mandates federal balanced budget, restricting annual spending to average receipts, aligning with 'oppose' indicators of fiscal restraint.95% confidence

Sub-Topics Appropriations Government Spending State Budget

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in committee · United States · House Feb 18, 2025

HR 1440: Discriminatory Gaming Tax Repeal Act of 2025

HR 1440, the Discriminatory Gaming Tax Repeal Act of 2025, repeals Chapter 35 of the Internal Revenue Code, which imposed excise taxes on wagering activities. This repeal directly affects gambling businesses and individuals subject to these taxes, removing the federal tax obligation. The change takes effect for taxable years beginning after December 31, 2024, eliminating the tax requirement for future reporting periods. The bill focuses solely on repealing the existing tax provision without altering other gambling regulations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill repeals a tax provision, reducing government revenue and weakening fiscal management through tax elimination.95% confidence

Sub-Topics Sales Tax

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in committee · United States · House Mar 6, 2025

HR 1911: To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments.

This bill modifies U.S. tax rules to exclude certain payments made to foreign subsidiaries or affiliates from being classified as "base erosion payments" (payments that reduce U.S. tax revenue). It applies specifically to multinational corporations making cross-border payments to foreign entities that pay at least 15% effective foreign income tax. To qualify, companies must prove the foreign entity’s tax rate meets the threshold using standard financial statements with adjustments for items like dividends or currency gains. The policy change aims to prevent double taxation on such payments while maintaining anti-avoidance safeguards.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax exemption for multinational corporations' cross-border payments, reducing U.S. tax revenue potential by excluding payments from base erosion rules, aligning with tax breaks for wealthy entities.95% confidence

Sub-Topics Income Tax Revenue

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in committee · United States · House Jun 9, 2025

HR 3844: Texas is the New Hollywood Act of 2025

This bill extends a 100% tax deduction for film and television productions (replacing the standard bonus depreciation) through 2035, increasing the tax benefit for qualifying productions. It requires productions to spend at least $500,000 in one state (or $100,000 for educational content) to qualify. The policy directly affects producers who meet these spending thresholds and choose to film in any U.S. state. The bill applies nationwide, though its title references Texas as a marketing concept, not a geographic requirement.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides 100% tax deduction for film producers, a corporate tax break primarily benefiting wealthy entities, weakening state tax revenue and fiscal responsibility.95% confidence

Sub-Topics Tax Incentives

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