Budget & Taxes

in committee · United States · House May 8, 2025

HR 3311: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

HR 3311, the ELECT Act of 2025, ends taxpayer funding for presidential campaigns by terminating two key provisions. It stops using income tax payments to finance presidential elections after December 31, 2024, and dissolves the existing Presidential election campaign fund. Any remaining funds in that account will be transferred to the Treasury’s general fund to reduce the deficit. The bill directly affects presidential candidates and campaigns by eliminating automatic taxpayer support for these elections starting in 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds presidential campaign financing by ending taxpayer funding and redirecting remaining funds to reduce deficit, restricting government spending on elections.95% confidence

Sub-Topics Income Tax State Budget

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in committee · United States · House Aug 8, 2025

HR 4943: Safeguarding Trust in Our Politics Act

This bill prohibits 501(c)(3) nonprofit organizations (like charities and educational groups) from providing any direct or indirect funding to states or local governments for election administration, such as running polls or managing voter registration. The key change amends the tax code to explicitly ban this funding, with one exception: donating physical space for polling locations. It affects all 501(c)(3) organizations, requiring them to avoid any financial support for election operations. The rule takes effect for tax years starting after December 31, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts tax-exempt orgs from funding election admin, limiting government spending sources via tax code amendment90% confidence

Tags Elections

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in committee · United States · Senate Nov 20, 2025

SRES 517: A resolution expressing opposition to congressional spending on earmarks.

SRES 517 is a Senate resolution opposing congressional spending on earmarks - special spending projects directed by lawmakers for specific local projects. It condemns the use of earmarks to allocate taxpayer funds, reaffirms previous bans on such spending (including a 2019 permanent ban), and urges Congress to focus on reducing the national debt instead. The resolution does not change current spending rules but expresses the Senate’s position against earmarks as a way to curb deficit spending and debt growth. It directly affects how Congress manages federal budget allocations, emphasizing fiscal responsibility over targeted project funding.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly opposes earmarks (targeted budget allocations), aiming to restrict deficit-increasing spending and reduce national debt, directly limiting specific budget allocations.95% confidence

Sub-Topics Appropriations

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in committee · United States · Senate Feb 10, 2026

SJRES 95: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".

SJRES 95 is a congressional disapproval resolution targeting an Internal Revenue Service (IRS) rule. It seeks to block IRS Notice 2025-28, which provided "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships," by invoking procedures under Title 5, U.S. Code. If enacted, this resolution would prevent the IRS guidance from taking effect, directly affecting business partnerships that would have been subject to the Corporate Alternative Minimum Tax under the proposed rule. The resolution is procedural, focusing solely on halting the implementation of the specific IRS guidance without creating new tax law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill blocks IRS guidance simplifying Corporate Alternative Minimum Tax application, opposing tax simplification and maintaining complex tax administration.90% confidence

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in committee · United States · Senate Apr 8, 2025

S 1334: A bill to amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries.

This bill increases the maximum percentage of a Real Estate Investment Trust's (REIT) assets that can be held in taxable subsidiary companies from 20% to 25%. It directly affects REITs by allowing them to allocate a larger portion of their investments to these subsidiary entities, which operate under different tax rules. The key provision amends the Internal Revenue Code to change the asset limit percentage, effective for taxable years starting after December 31, 2025. This adjustment provides REITs with slightly more flexibility in structuring their investments.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill increases tax advantages for REITs (wealthy investors), aligning with 'creates tax breaks primarily for wealthy' indicator.80% confidence

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in committee · United States · Senate Sep 4, 2025

S 2716: You Earned It, You Keep It Act

The You Earned It, You Keep It Act changes Social Security tax treatment by setting a $250,000 threshold for earnings subject to Social Security taxes. It modifies how income above this threshold is treated for Social Security purposes and adjusts benefit calculations to include earnings above $250,000. The bill would directly affect high-wage earners making over $250,000 annually, changing how their Social Security taxes are calculated. The bill also includes provisions to ensure Social Security trust funds are not negatively impacted by these changes. These changes would apply to wages paid in calendar years after 2025 and to taxable years beginning after December 31, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax break for high earners (> $250k) by exempting income above threshold, reducing Social Security tax revenue, aligning with 'oppose' indicators90% confidence

Sub-Topics Income Tax

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in committee · United States · House Jan 9, 2025

HR 310: Restoring Energy Market Freedom Act

This bill repeals multiple tax credits for renewable energy projects, including solar, wind, and clean transportation fuels, which currently provide financial incentives to businesses. It directly affects companies that claim these credits, such as renewable energy developers and manufacturers, by eliminating their eligibility for these tax benefits starting in 2025. Key provisions remove specific sections of the tax code (like Sections 45, 45Q, and 48) and adjust related references to reflect the repeal. The changes apply to taxable years beginning after December 31, 2024, with no new provisions added - only the removal of existing credits.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals renewable energy tax credits (Sections 45, 45Q, 48), eliminating financial incentives for businesses and directly reducing tax benefits under Budget & Taxes.95% confidence ✗ EnergyOpposes EnergyRepeals tax credits for solar, wind, and clean fuels, removing financial incentives for renewable energy development and weakening clean energy standards.95% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credits for renewable energy (solar, wind, clean fuels), removing financial incentives that support environmental protection and clean energy adoption.95% confidence ✗ TransportationOpposes TransportationRepeals tax credits for clean transportation fuels, eliminating financial incentives for sustainable transport projects and directly defunding this sector.90% confidence

Sub-Topics Business Taxes Tax Credits Renewable Energy Solar Wind Climate Change

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in committee · United States · Senate Sep 29, 2025

S 2930: Smarter Approaches to Nuclear Expenditures Act

This bill, S 2930, directly affects U.S. nuclear spending by imposing specific caps and prohibitions on weapons programs to reduce costs. It limits deployed strategic warheads to 1,000 (aligned with New START Treaty levels), caps submarine purchases at eight Columbia-class vessels, restricts ICBMs to 150, and bans funding for new systems like the LGM-35 Sentinel ICBM, F-35 nuclear capability, low-yield warheads, and the Uranium Processing Facility. The bill requires annual reports to Congress on implementation and cost savings, aiming to cut projected nuclear modernization costs by billions over the next decade. These changes apply to the Department of Defense and Energy budgets starting in fiscal year 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes caps and bans on nuclear spending, directly reducing government expenditure on weapons programs per its summary.95% confidence

Sub-Topics Government Spending

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in committee · United States · House Mar 14, 2025

HR 2133: Lakes Before Turbines Act

HR 2133, the "Lakes Before Turbines Act," blocks tax credits for offshore wind energy projects in the Great Lakes by amending the federal tax code. It prohibits the Investment Tax Credit (ITC) for offshore wind facilities located in the Great Lakes after 2022, directly affecting developers planning such projects. The key provision inserts "other than any of the Great Lakes" into the tax code language that previously allowed credits for wind projects in U.S. inland waters. This policy change takes effect for taxable years beginning after December 31, 2022.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBlocks ITC tax credits for offshore wind projects, restricting federal tax incentives under tax code amendments.90% confidence ✗ EnergyOpposes EnergyBill explicitly blocks ITC tax credits for Great Lakes offshore wind projects, directly restricting renewable energy development per its summary.95% confidence ✗ EnvironmentOpposes EnvironmentBlocks tax credits for offshore wind (clean energy) in Great Lakes, directly restricting renewable energy development and environmental protection efforts per bill's core provision.95% confidence

Sub-Topics Tax Credits Wind

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in committee · United States · House Jun 24, 2025

HR 4118: Stop the Subsidized Green Energy Scam Act

HR 4118 ends federal tax credits for new wind, solar, and battery energy storage projects starting construction after the bill's enactment. It directly affects developers and companies building these facilities by eliminating financial incentives for projects beginning after the law takes effect. The bill amends key tax code provisions (Sections 48, 45Y, and 48E) to exclude such new projects from eligibility, while leaving existing credits intact. This change applies only to projects with construction start dates after the bill's effective date, targeting future developments rather than current operations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEnds federal tax credits for new renewable energy projects, removing government spending incentives. Directly defunds new clean energy development by restricting tax benefits, aligning with 'oppose' indicators.95% confidence ✗ EnergyOpposes EnergyEnds federal tax credits for new wind/solar/battery projects, directly restricting renewable energy development by removing financial incentives for new construction.95% confidence ✗ EnvironmentOpposes EnvironmentEnds tax credits for new wind/solar projects, removing financial incentives for clean energy development, directly weakening renewable energy support.95% confidence

Sub-Topics Energy Storage Renewable Energy Solar

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