Budget & Taxes

in committee · United States · House May 22, 2026

HR 9014: Affordable Housing and Area Median Income Fairness Act of 2026

This bill authorizes $5 billion annually for each fiscal year from 2026 to 2035 to fund affordable housing programs, but restricts these funds to areas designated by the Secretary of Housing and Urban Development as having high housing costs. It also requires the Secretary to conduct a comprehensive study on alternative ways to calculate income limits for urban housing assistance, with a final report due two years after enactment. The study will analyze how current income metrics affect rent affordability and explore options like using ZIP Code-level data to better support low- and middle-income families in expensive cities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly allocates $5 billion annually to fund affordable housing programs, directly advancing the budget topic through increased government spending.95% confidence ✓ HousingSupports HousingBill allocates $5B annually for affordable housing programs in high-cost areas and mandates a study on income limits.95% confidence

Sub-Topics Affordable Housing Homelessness Housing Finance

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in committee · United States · House May 12, 2026

HR 8772: Diesel Prices Relief Act of 2026

The Diesel Prices Relief Act of 2026 eliminates the federal excise tax on diesel fuel for a period ending on January 1, 2027, directly affecting drivers and businesses that use diesel. To offset the lost revenue, the bill requires the Treasury Secretary to transfer money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. The legislation also mandates that fuel producers and dealers pass these savings immediately to consumers and gives the Treasury authority to enforce this requirement.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill eliminates federal excise tax on diesel, providing direct tax relief to drivers and businesses, which aligns with advancing tax relief.85% confidence ✓ EnergySupports EnergyBill reduces diesel fuel costs for drivers and businesses, directly supporting energy affordability and consumer relief.85% confidence ✓ TransportationSupports TransportationBill eliminates federal excise tax on diesel, reducing costs for drivers and businesses, and transfers funds to the Highway Trust Fund to support road infrastructure.85% confidence

Sub-Topics Sales Tax State Budget Freight Roads & Highways Transportation Funding

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in committee · United States · Senate Apr 27, 2026

SRES 688: A resolution expressing support for the staff of public, school, academic, and special libraries in the United States and the essential services those libraries provide to communities, recognizing the need for funding commensurate with the broad scope of social service and community supports provided by libraries, preserving the right of all citizens of the United States to freely access information and resources in their communities, supporting a strong union voice for library workers, and defending the civil rights of library staff.

This Senate resolution expresses support for library staff across public, school, academic, and special libraries in the United States. It highlights the essential services libraries provide, such as equitable internet access, social support, and community resources, while calling for adequate funding at all government levels. The measure reaffirms the right of citizens to freely access information and explicitly supports the ability of library workers to unionize and collectively bargain. Additionally, it defends the civil rights of library staff against intimidation and censorship, noting recent challenges like book bans and the potential elimination of the Institute of Museum and Library Services.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly calls for adequate funding for libraries and supports unionization, indicating a stance to fund essential public services.85% confidence ✓ EducationSupports EducationBill supports school libraries, advocates for equitable internet access, and calls for adequate funding to strengthen educational resources.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill explicitly supports a strong union voice for library workers and defends their civil rights, directly advancing collective bargaining and worker protections.90% confidence ✓ TechnologySupports TechnologyBill explicitly supports equitable internet access and defends civil rights to freely access information, aligning with digital equity goals.85% confidence

Sub-Topics Libraries Collective Bargaining Broadband Access

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in committee · United States · House Apr 30, 2026

HR 8644: Stop Subsidizing Private Jets of 2026

This bill, titled the Stop Subsidizing Private Jets of 2026, prevents taxpayers from deducting expenses related to private fixed-wing aircraft on their federal income tax returns. It directly affects individuals and businesses that purchase, maintain, or operate personal planes, effectively removing the tax benefit previously available for these costs. The law allows deductions only for specific exceptions, such as aircraft used for property transport, agriculture, firefighting, emergency medical services, or commercial activities like flight instruction and sightseeing tours. These changes will apply to any expenses incurred after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes a tax loophole by removing deductions for private jet expenses, promoting fiscal responsibility and reducing unnecessary government revenue loss.95% confidence ✗ TransportationOpposes TransportationBill restricts tax benefits for private aircraft, limiting financial incentives for this transportation sector.85% confidence

Sub-Topics Income Tax

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in committee · United States · House Apr 28, 2026

HR 8538: Save America’s Family Forests Act of 2026

The Save America's Family Forests Act of 2026 provides tax incentives to encourage landowners to replant forests damaged by natural disasters. It increases the standard tax deduction for routine reforestation projects from $10,000 to $30,000 per property and adjusts these amounts annually for inflation. Additionally, the bill allows a special deduction of up to $1 million for expenses related to replanting trees destroyed by federally declared disasters, with specific rules to prevent double-dipping with other tax benefits. These financial benefits are designed to help taxpayers recover costs and promote forest regeneration without changing the underlying laws governing disaster relief or timber management.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax deductions for reforestation, providing tax relief and financial incentives to landowners.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax incentives to encourage forest replanting and protect natural resources from disaster damage.95% confidence

Sub-Topics Conservation Forestry Natural Disasters

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in committee · United States · Senate Apr 16, 2026

S 4331: Modernization of Derivatives Tax Act of 2026

The Modernization of Derivatives Tax Act of 2026 changes how taxpayers report gains and losses from financial derivatives and related investments. It requires individuals and businesses to recognize these gains or losses as ordinary income or loss in the year they occur, rather than waiting until they sell the assets. The bill introduces a new 'investment hedging unit' concept that allows taxpayers to group specific derivatives with their underlying investments, which changes how certain built-in profits and losses are calculated and reported. Additionally, the legislation updates existing tax rules regarding straddles and clarifies how corporations handle derivatives related to their own stock.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax loopholes by mandating immediate recognition of derivative gains/losses, preventing deferral strategies that reduce taxable income.85% confidence

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in committee · United States · Senate Apr 30, 2026

S 4479: ACCESS Act

The ACCESS Act expands Medicaid coverage to include services in assisted living facilities for individuals who currently require nursing home-level care, provided they meet state income and resource limits. This change aims to lower costs by ensuring that the average expense for these residents does not exceed the cost of their care in a hospital or nursing facility. Additionally, the bill allows the Low-Income Housing Tax Credit to be used for projects that reduce long-term medical costs for the elderly by offering care in non-institutional settings. These provisions are scheduled to take effect on January 1, 2027, with a grace period for states needing to update their legislation to comply.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill aims to lower healthcare costs and expand Medicaid coverage, promoting fiscal responsibility by reducing long-term medical expenses.75% confidence ✓ HealthcareSupports HealthcareThe bill expands Medicaid coverage to assisted living facilities, directly increasing access to health services and reducing costs for individuals requiring long-term care.95% confidence

Sub-Topics Tax Credits Hospitals Long-Term Care Medicaid Tags Seniors

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in committee · United States · House Apr 30, 2026

HR 8591: No Capital Gains Tax on Family Farms Act

This bill, titled the No Capital Gains Tax on Family Farms Act, would allow farmers to sell their land to immediate family members without paying capital gains tax on the profit. To qualify, the property must have been used as a farm for at least two years within the eight years prior to the sale, and the buyer must be a spouse, lineal descendant, or their spouse. If the new owner keeps the farm for ten years, the property's tax basis will be adjusted upward to reflect its fair market value at the time of the sale. The law applies to sales occurring after its enactment and requires the IRS to issue regulations to guide its implementation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by exempting capital gains on family farm land sales, reducing the tax burden for farmers.90% confidence

Tags Agriculture

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in committee · United States · House Apr 28, 2026

HR 8564: Local Law Enforcement Support Act of 2026

The Local Law Enforcement Support Act of 2026 expands funding opportunities for local police departments through the Byrne JAG and COPS programs. These funds can be used to recruit and train officers, purchase protective gear, and acquire specific tools like digital forensics equipment, drone technology, and ballistics analysis systems. The bill also allows for investments in software for cyber investigations and victim services. By adding these categories to the list of eligible expenses, the legislation provides law enforcement agencies with more options for addressing modern crime challenges.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly expands funding opportunities for local police departments through federal programs, directly advancing the budget and appropriations topic.95% confidence ✓ Criminal JusticeSupports Criminal JusticeBill expands funding for local police departments, recruiting, training, and acquiring investigative tools, directly strengthening law enforcement capabilities.90% confidence ✓ TechnologySupports TechnologyBill explicitly funds digital forensics equipment, drone technology, and cyber investigation software for law enforcement, directly advancing technology capabilities.90% confidence

Sub-Topics Law Enforcement Policing Emerging Technology

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in committee · United States · House May 13, 2026

HR 8806: Supporting Newborn Parents Act of 2026

The Supporting Newborn Parents Act of 2026 creates a new tax credit of $2,000 for each child born to a taxpayer during the tax year. To receive this credit, parents must have earned income, with the maximum amount limited to 20% of their earnings, and the benefit phases out as family income rises. The bill allows parents to request an advance payment of the credit shortly after a child's birth by providing their information when applying for a Social Security number. Additionally, the legislation requires the Treasury to establish an online portal to help parents understand how to make elections regarding advance payments and estimated income figures.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new tax credit for newborn parents, providing direct financial relief and funding support to families.85% confidence

Sub-Topics Income Tax Tax Credits

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