Budget & Taxes

in committee · United States · House May 13, 2026

HR 8783: To amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes.

This bill allows individuals aged 70 and a half or older to donate money directly from their employer-sponsored retirement accounts to qualified charities without counting the donation as taxable income. It expands an existing tax provision by including various types of employer plans, such as 403(b) and 457(b) plans, alongside traditional qualified plans. Under the new rules, the amount excluded from gross income is limited to the excess of the annual standard distribution limit over any other tax-free distributions the person made that year. The legislation applies to distributions made in taxable years beginning after the bill is enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by excluding charitable distributions from gross income, reducing tax liability for retirees.90% confidence

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in committee · United States · House Apr 15, 2026

HR 8291: Reforming Disaster Recovery Act

The Reforming Disaster Recovery Act establishes a new Long-Term Disaster Recovery Fund to provide grants for housing, infrastructure, and economic revitalization in areas most affected by catastrophic major disasters. This legislation creates a new Office of Disaster Management and Resiliency within the Department of Housing and Urban Development to coordinate recovery efforts and ensures that at least 70 percent of the funding benefits low- and moderate-income households. The bill also introduces a formula-based allocation system that includes a specific portion of funds for mitigation activities designed to reduce future disaster risks and requires strict reporting to prevent the duplication of benefits with other federal aid.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new federal fund to provide grants for disaster recovery, housing, and infrastructure, directly increasing government spending on public services.85% confidence ✓ HousingSupports HousingBill creates a fund to provide federal grants for housing recovery and mandates 70% of funds benefit low- and moderate-income households.90% confidence

Sub-Topics Community Development Property Development Tags Emergency Management

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in committee · United States · House Apr 27, 2026

HR 8501: Rehabilitation of Historic Schools Act of 2026

The Rehabilitation of Historic Schools Act of 2026 allows public school buildings to qualify for federal tax credits when they are rehabilitated, provided the buildings were used as public schools for five years before and after the renovation. This change removes a previous restriction that had excluded public educational facilities from receiving these financial incentives. The bill requires the Treasury Department to report data on the number of rehabilitated schools, student enrollment, and renovation costs to Congress within five years of enactment. These provisions apply to properties placed in service after the law is passed, aiming to encourage the preservation and repair of historic public school infrastructure.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides federal tax credits for rehabilitating public school buildings, directly advancing funding and financial incentives for public education infrastructure.95% confidence ✓ EducationSupports EducationBill provides federal tax credits to rehabilitate public school buildings, directly improving school infrastructure and protecting educational facilities.95% confidence

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in committee · United States · Senate May 13, 2026

S 4511: A bill to amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes.

This bill allows individuals aged 70 and a half or older to donate money directly from their employer-sponsored retirement accounts to qualified charities without counting that money as taxable income. It applies to distributions from 401(k) plans, government plans, 403(b) plans, and 457 plans, provided the donation does not exceed a specific annual limit. The legislation requires the funds to be transferred straight from the retirement plan to the charity, bypassing the individual's personal bank account. By excluding these charitable contributions from gross income, the bill aims to simplify tax reporting for retirees while encouraging philanthropy through existing retirement savings.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by excluding charitable distributions from gross income, reducing tax burden for retirees.95% confidence

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in committee · United States · House May 15, 2026

HR 8864: LIFT Act

The LIFT Act creates a new tax incentive for states and municipalities by allowing them to receive a direct credit from the federal government on interest payments made for specific infrastructure bonds. To qualify for this credit, the bonds must be used entirely for capital projects or maintenance, and the interest would normally be tax-exempt, with the credit amount varying by the bond's maturity date. The legislation also clarifies rules for refinancing these bonds and adjusts tax limits for financial institutions that issue certain types of tax-exempt debt. These changes are designed to lower the cost of borrowing for local infrastructure projects while maintaining strict guidelines on how the funds can be used.

Topics ✓ Budget & TaxesSupports Budget & TaxesThe LIFT Act provides federal tax credits to states and municipalities for infrastructure bond interest, directly increasing funding for capital projects and promoting fiscal responsibility.90% confidence ✓ EnergySupports EnergyBill provides tax incentives for infrastructure bonds used for capital projects, which can fund energy infrastructure and utilities.75% confidence ✓ TransportationSupports TransportationThe bill provides tax credits for infrastructure bonds used for capital projects and maintenance, directly funding transportation improvements.90% confidence

Sub-Topics Debt & Bonds Tax Credits Tax Incentives Bridges Roads & Highways Transportation Funding

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in committee · United States · Senate May 11, 2026

S 4485: Gas Tax Suspension Act

The Gas Tax Suspension Act temporarily eliminates the federal excise tax on gasoline and diesel fuel for purchases made between the date of enactment and a specified end date. To prevent this tax break from reducing government 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 to make up for the lost tax income. The tax holiday is set to last for at least 90 days, but the President has the authority to extend it to 180 days if economic conditions warrant it.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill eliminates federal excise tax on fuel, reducing government revenue and weakening fiscal management despite a required transfer.85% confidence ✓ EnergySupports EnergyBill temporarily eliminates federal excise tax on gasoline and diesel, reducing fuel costs for consumers and supporting energy affordability.75% confidence ✓ TransportationSupports TransportationBill funds highway infrastructure by transferring general funds to the Highway Trust Fund to offset tax suspension.85% confidence

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

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in committee · United States · House Apr 21, 2026

HR 8402: Civics Learning Act of 2026

The Civics Learning Act of 2026 amends the Elementary and Secondary Education Act to expand federal funding and support for civics education in K-12 schools. The bill directs the Department of Education to distribute $70 million in grants to schools, with at least 60 percent reserved for elementary and middle schools and a preference for programs that include hands-on civic engagement, constitutional history, and civil rights education. It also requires grant recipients to submit annual reports detailing how they meet civics education goals and ensures geographic diversity in funding distribution across urban, suburban, and rural areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $70M in federal grants to expand civics education funding and supports essential school programs.90% confidence ✓ EducationSupports EducationBill explicitly allocates $70M in federal grants to expand civics education and requires hands-on engagement, directly strengthening K-12 educational programs.95% confidence

Sub-Topics K-12 Education

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in committee · United States · Senate Apr 15, 2026

S 4308: A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.

This bill prohibits the Export-Import Bank of the United States from providing financing to individuals or companies with seriously delinquent federal tax debt. The law requires the Bank to check tax records through the System for Award Management website and consult with the Internal Revenue Service Commissioner to identify such debt. Exceptions are allowed if the President determines there are urgent and compelling circumstances affecting U.S. interests, requiring a report to Congress within 30 days. The definition of seriously delinquent tax debt excludes debts being paid under agreements, pending hearings, or under continuous levies.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enforces tax compliance by restricting federal financing for those with delinquent debts, promoting fiscal responsibility and government accountability.90% confidence

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in committee · United States · House Apr 22, 2026

HR 8456: Rural Child Care Access Act

The Rural Child Care Access Act establishes a federal grant program to assist child care facilities in rural areas with fewer than 50,000 residents. The Department of Health and Human Services can award up to $4 million per facility for projects that upgrade infrastructure or improve provider recruitment and training. Congress has authorized $250 million annually for fiscal years 2027 through 2029, requiring the agency to report on project progress and ensure funds are distributed equitably across regions. Additionally, the bill mandates a study to assess the ongoing construction and renovation needs of child care facilities nationwide.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a federal grant program with $250M annual funding to support rural child care infrastructure and provider training.95% confidence

Tags Children Rural Communities

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in committee · United States · Senate May 12, 2026

S 4497: Tax Relief for First Responder Beneficiaries Act

The Tax Relief for First Responder Beneficiaries Act expands tax exemptions for public safety officers and their families starting in 2023. It allows surviving beneficiaries, not just dependents, to exclude certain compensation from their taxable income. Additionally, the bill permits children or beneficiaries of life insurance policies and benefit plans to receive survivor annuity benefits without tax penalties. These changes directly affect first responders and the individuals who rely on their insurance and pension plans after the officers pass away.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief to first responder beneficiaries, aligning with the indicator of providing tax relief.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands tax exemptions and survivor benefits for first responders, directly strengthening worker benefits and protections.90% confidence

Sub-Topics Pensions

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