Budget & Taxes

in committee · United States · House Apr 30, 2026

HR 8631: KOMBUCHA

This bill, titled KOMBUCHA, removes federal excise taxes on kombucha beverages that contain 1.25 percent alcohol by volume or less. By amending the Internal Revenue Code, it ensures these drinks are no longer taxed as wine or beer, provided they are fermented using specific bacteria and yeast cultures and made from ingredients like tea, fruit juice, or honey. The changes apply to all kombucha produced after the law is enacted, directly affecting manufacturers and sellers of low-alcohol fermented drinks.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes federal excise taxes on kombucha, providing tax relief and reducing the tax burden on manufacturers and consumers.90% confidence

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in committee · United States · House Apr 23, 2026

HR 8477: To amend the Internal Revenue Code of 1986 to reverse certain energy-related modifications enacted by Public Law 119-21.

This bill proposes to reverse several tax incentives for energy efficiency and clean energy that were previously extended by a 2024 law. It would end the tax deduction for energy-efficient commercial buildings, shorten the expiration date for the energy-efficient home credit, and delay the deadline for constructing clean hydrogen facilities. Additionally, the legislation would remove limits on the amount of credits available for clean electricity production and change how the phase-out of these credits is triggered. These changes directly affect property owners, builders, and businesses that currently rely on these specific tax breaks to fund green projects.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reverses energy tax incentives and limits credits, weakening fiscal support for clean energy and efficiency programs.90% confidence ✗ EnergyOpposes EnergyBill reverses tax incentives for energy efficiency and clean energy, weakening support for renewable infrastructure and efficiency.95% confidence ✗ EnvironmentOpposes EnvironmentBill reverses tax incentives for clean energy and energy efficiency, weakening environmental protections and limiting clean energy development.95% confidence

Sub-Topics Energy Efficiency Renewable Energy

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in committee · United States · Senate Apr 15, 2026

S 4306: Millionaires Surtax Act

The Millionaires Surtax Act introduces a new 10% tax on the portion of an individual's income that exceeds $2 million. This surcharge applies to high-income taxpayers starting with taxable years beginning after December 31, 2026, but the threshold is lowered to $1 million for those filing separately. The law includes specific adjustments for nonresident aliens, citizens living abroad, and charitable trusts, while explicitly excluding this new tax from calculations for other federal credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill introduces a surtax on high-income earners exceeding $2 million, aligning with fiscal responsibility and progressive taxation principles.95% confidence

Sub-Topics Fees & Licensing Income Tax

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in committee · United States · Senate Apr 16, 2026

S 4330: Ending the Carried Interest Loophole Act

The Ending the Carried Interest Loophole Act changes how the IRS treats partnership interests given to employees for their work, specifically targeting financial managers and investment professionals. Under the new rules, these individuals must pay ordinary income tax on the value of their partnership shares at the time they receive them, rather than waiting until they sell the shares to pay lower capital gains taxes. The law also establishes a 10-year window during which any future profits earned from these shares are taxed as ordinary income instead of capital gains. Additionally, the bill repeals an existing tax provision that previously allowed certain carried interest payments to be classified as capital gains.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes a tax loophole for wealthy financial managers, promoting fiscal responsibility and ensuring fair taxation.95% confidence

Sub-Topics Income Tax

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in committee · United States · House May 21, 2026

HR 9002: SURS Extension Act

The SURS Extension Act extends the Small Practice, Underserved, and Rural Support Program through fiscal year 2031. This program provides financial incentives to healthcare providers who treat patients in rural areas or underserved communities. By amending the Social Security Act, the bill ensures these payments continue for six additional years. The measure directly affects small medical practices and facilities that serve high-need populations.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends funding for a healthcare program serving rural and underserved communities, aligning with increasing public service funding.85% confidence ✓ HealthcareSupports HealthcareBill extends funding for a program providing financial incentives to healthcare providers in rural and underserved areas, improving access and strengthening support.95% confidence

Sub-Topics Medicaid Medicare

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in committee · United States · Senate Apr 21, 2026

S 4353: Health Savings Account Expansion Act

The Health Savings Account Expansion Act modifies tax rules to allow individuals with government-sponsored health plans, such as Medicare or Medicaid, and those in health care sharing ministries to contribute to Health Savings Accounts. It also clarifies that payments for these specific types of coverage can be made using HSA funds and expands the definition of eligible medical expenses to include membership fees and administrative costs for health care sharing ministries. Additionally, the bill permits the use of HSA funds to purchase over-the-counter drugs and insulin without a prescription. These changes are scheduled to take effect for taxable years beginning after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax rules to expand Health Savings Accounts, providing tax relief and increasing flexibility for individuals on government-sponsored plans.85% confidence ✓ HealthcareSupports HealthcareBill expands Health Savings Accounts to include government-sponsored plans and sharing ministries, increasing access to tax-advantaged health funding.90% confidence

Sub-Topics Medicaid Medicare

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in committee · United States · House Apr 27, 2026

HR 8497: Supporting Energy and Economic Development (SEED) Act

The Supporting Energy and Economic Development (SEED) Act extends tax credits for biodiesel and renewable diesel production through 2029. It prevents taxpayers from receiving both the production credit and the fuel use credit for the same fuel, ensuring only one benefit is claimed. These changes apply to fuel sold or used after the bill becomes law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends tax credits for renewable fuel production, providing economic incentives and fiscal support for energy development.85% confidence ✓ EnergySupports EnergyBill extends tax credits for biodiesel and renewable diesel, directly advancing renewable energy production and infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentBill extends tax credits for biodiesel and renewable diesel, promoting clean energy and reducing reliance on fossil fuels.90% confidence

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in committee · United States · House Apr 30, 2026

HR 8632: PFAS Cleanup Act

This bill, known as the PFAS Cleanup Act, aims to address the health and economic costs of per- and polyfluoroalkyl substances by introducing two main financial mechanisms. First, it imposes a 45% excise tax on the sale of PFAS chemicals by manufacturers, producers, and importers starting in 2027. Second, it creates a tax credit for public water systems that spend money removing PFAS from drinking water when contamination levels exceed EPA safety limits. The revenue from the tax is intended to help fund cleanup efforts, while the credit encourages water providers to remediate hazardous pollution.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes an excise tax on PFAS chemicals to fund cleanup efforts, directly addressing fiscal management and generating revenue for public health services.90% confidence ✓ EnvironmentSupports EnvironmentBill imposes taxes on PFAS chemicals and funds water system cleanup, directly addressing pollution control and environmental protection.95% confidence ✓ HealthcareSupports HealthcareBill funds PFAS water cleanup to reduce health risks from chemical contamination, protecting public health and preventing disease.85% confidence

Sub-Topics Sales Tax Tax Credits Drinking Water Hazardous Materials Water Quality

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in committee · United States · Senate May 20, 2026

S 4613: Manufactured Housing Community Sustainability Act of 2026

The Manufactured Housing Community Sustainability Act of 2026 creates a new federal tax credit to encourage the sale of manufactured home communities to residents or nonprofit organizations. This bill directly affects current owners of manufactured home parks who wish to sell their land and the buyers who want to preserve these communities as affordable housing. Under the law, a seller can claim a tax credit equal to 75 percent of their profit if they sell the property to a qualified resident-owned cooperative or nonprofit that agrees to keep the community affordable for at least 50 years. To prevent abuse, the bill includes a penalty requiring the buyer to pay 20 percent of the sale proceeds if the community is later sold for profit or fails to maintain its affordable status. The provisions take effect for sales occurring after December 31, 2026, aiming to stabilize housing costs for low-income families living in these communities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a federal tax credit to encourage affordable housing preservation, aligning with fiscal incentives for public benefit.85% confidence ✓ HousingSupports HousingBill creates a federal tax credit to encourage the sale of manufactured home communities to residents or nonprofits, directly advancing affordable housing preservation.90% confidence

Sub-Topics Tax Credits Affordable Housing

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in committee · United States · Senate May 20, 2026

S 4584: Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026

This bill modifies tax rules to help low-income communities invest in new businesses by adjusting how they calculate eligible population density. It specifically targets rural counties where the federal government owns at least 30% of the land, allowing these areas to use a lower density threshold for tax credit purposes. The law excludes military installations and tribal trust lands from the federal land count to ensure accurate assessments. These changes take effect for investments made after the bill is enacted or after December 31, 2025, depending on the specific section.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax rules to provide relief and incentives for low-income communities and rural counties, aligning with support indicators.85% confidence

Sub-Topics Tax Credits Tax Incentives Tags Rural Communities

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