Budget & Taxes

in committee · United States · House Mar 17, 2026

HR 7960: Big Oil Windfall Profits Tax Act

This bill establishes a new excise tax on crude oil extracted or imported by large oil companies and uses the revenue to provide rebates to eligible consumers. The tax would be imposed on companies that extract or import over 300,000 barrels of crude oil per day, at a rate of 50% of the difference between the current Brent crude oil price and a 2025 baseline price, adjusted for inflation. All revenue from this tax would be deposited into a new "Protect Consumers from Gas Hikes Fund." This fund would then be used to provide refundable tax credits, or rebates, to eligible individuals, with the rebate amount determined by the Secretary based on fund revenues and the number of eligible individuals. These rebates would be phased out for individuals with adjusted gross incomes exceeding certain thresholds, such as $150,000 for joint filers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes new excise tax on large oil companies and directs revenue to consumer rebates, supporting fiscal management and protecting consumers from gas price increases.90% confidence ✓ EnergySupports EnergyBill imposes windfall profits tax on large oil companies and returns revenue to consumers via rebates, protecting consumers from high energy costs.85% confidence

Sub-Topics Sales Tax Oil & Gas

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in committee · United States · Senate Apr 15, 2026

S 4297: Keep Public Funds in Public Schools Act

This bill, titled the "Keep Public Funds in Public Schools Act," repeals two sections of the Internal Revenue Code. It eliminates Section 25F, which provides a tax credit for contributions made to scholarship granting organizations. Additionally, the bill repeals Section 139K, which allows certain educational assistance to be excluded from an individual's gross income. These changes primarily affect taxpayers who currently claim these credits or exclusions, and organizations involved in scholarship grants or providing educational assistance. The amendments generally take effect for taxable years ending after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax loopholes by repealing tax credits and exclusions for scholarship organizations, keeping public funds in public schools and promoting fiscal responsibility.85% confidence ✗ EducationOpposes EducationBill repeals tax provisions that fund scholarship programs and educational assistance, effectively reducing resources available for education.90% confidence

Sub-Topics Tax Credits School Choice School Funding Student Financial Aid

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in committee · United States · House Jul 28, 2025

HR 4765: Securing our Border Act

HR 4765, the "Securing our Border Act," allocates federal funds to enhance border security at land ports of entry. It directs one-third of unobligated funds toward achieving 100% scanning of vehicles using nonintrusive inspection systems by 2034, and two-thirds toward constructing a border wall along the southwest border, requiring quarterly reports on progress and costs. The bill also authorizes recruitment, retention, and relocation bonuses for U.S. Customs and Border Protection agents, with specific limits (e.g., up to $15,000 for recruitment). Additionally, it amends immigration law to require returning certain migrants to contiguous territory or a safe third country while processing their cases, rather than allowing immediate release. These provisions directly affect CBP operations, border infrastructure, and immigration processing procedures.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates federal funds to enhance border security, funding essential programs and infrastructure improvements.85% confidence ✗ ImmigrationOpposes ImmigrationBill funds border wall construction and enhanced security measures, directly restricting border access and immigration flows per enforcement-focused language.95% confidence

Sub-Topics Border Security Enforcement Refugees & Asylum

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in committee · United States · House Apr 16, 2026

HR 8350: No Taxes on Utility Bills Act

HR 8350, the "No Taxes on Utility Bills Act," amends the Internal Revenue Code to create a new federal income tax deduction. This bill allows taxpayers to deduct from their taxable income all taxes and state-mandated surcharges that appear on their gas or electric utility bills. This change directly affects individuals and businesses who pay these utility bills, potentially lowering their federal tax liability. The new deduction would apply to taxable years beginning after the bill becomes law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by allowing deductions for utility taxes, reducing federal tax liability for individuals and businesses.85% confidence ✓ EnergySupports EnergyBill provides tax deductions for utility bills, protecting consumers and potentially encouraging energy usage without increasing costs.75% confidence

Sub-Topics Income Tax Utility Regulation

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in committee · United States · House Apr 16, 2026

HR 8348: To amend title 23, United States Code, with respect to the amounts States are guaranteed under the highway apportionment formula, and for other purposes.

This bill amends federal law concerning the distribution of highway funds to states. It establishes a new minimum funding guarantee, ensuring that each state receives at least 0.5 percent of the total funds allocated through the federal highway apportionment formula. This change provides a baseline level of federal funding for state highway programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases federal highway funding guarantees to states, strengthening state budget capacity for infrastructure programs.85% confidence ✓ TransportationSupports TransportationBill increases federal highway funding guarantees to states, directly strengthening transportation infrastructure investment.95% confidence

Sub-Topics Roads & Highways Transportation Funding Vehicle Registration

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in committee · United States · House Apr 15, 2026

HR 8313: Trump Accounts for All Generations Act

This bill, titled the Trump Accounts for All Generations Act, makes a specific program related to "Trump accounts" permanent and adjusts its contribution limits. It directly affects individuals who contribute to these accounts by altering their long-term availability and value. The legislation permanently extends the "Trump accounts" contribution program by removing its scheduled expiration date of January 1, 2029. Furthermore, it introduces an annual inflation adjustment for the program's $1,000 contribution amount, beginning in taxable years after 2028. The bill also removes the word "pilot" from the program's title and related sections of the tax code, formally establishing it as an ongoing program.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends and adjusts contribution limits for a government program, indicating support for fiscal management and program funding.75% confidence

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in committee · United States · House Apr 14, 2026

HR 8280: SEPTIC Act

The SEPTIC Act proposes to make financial assistance received by homeowners from state or local governments for certain wastewater management improvements tax-free. It would amend current tax law to exclude from taxable income any direct or indirect subsidy provided to a resident for the purchase or installation of wastewater management measures on their primary residence. These measures are defined as installations or modifications primarily designed to manage wastewater, such as septic tanks and cesspools. This change means homeowners would not have to pay federal income tax on such financial aid.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by making wastewater management subsidies tax-free, reducing tax burden on homeowners and promoting fiscal responsibility through targeted tax exclusion.90% confidence

Sub-Topics Income Tax

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in committee · United States · House Mar 26, 2026

HR 8127: Permanent Housing Affordability Act

The Permanent Housing Affordability Act aims to create and preserve permanently affordable housing for low- and moderate-income individuals and families. It establishes a Treasury Department program to provide grants to states and financial institutions, enabling them to offer low-interest construction loans to non-profit organizations and local governments for developing or rehabilitating shared equity homes with long-term affordability requirements. A separate pilot program under HUD offers direct grants to eligible entities for acquiring land or properties to develop similar affordable housing for lower-income households. The bill also mandates research and public awareness campaigns for shared equity homeownership models and streamlines the transfer of surplus federal land to these models at a discounted rate for affordable housing use.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes Treasury grants and low-interest loans for affordable housing, increasing federal funding for public services and housing programs.75% confidence ✓ HousingSupports HousingBill creates grants and low-interest loans for affordable housing development with long-term affordability requirements, directly advancing housing access.95% confidence

Sub-Topics Affordable Housing Homeownership Housing Finance

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in committee · United States · House Apr 23, 2026

HRES 1212: 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 House Resolution expresses support for the staff of public, school, academic, and special libraries across the United States and the essential services they provide to communities. It recognizes libraries as critical infrastructure and supports prioritizing full funding for their services at federal, state, and local levels. The resolution also reaffirms the public's right to access information, the right of library workers to organize and collectively bargain, and their civil rights to perform their duties without intimidation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly calls for prioritizing full funding for library services at federal, state, and local levels, directly supporting budget allocation for public services.85% confidence ✓ EducationSupports EducationBill supports library staff who provide educational resources and access to information, recognizing libraries as critical infrastructure for education and community support.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill explicitly supports collective bargaining rights and union voice for library workers, protecting labor rights.90% confidence

Sub-Topics Libraries Collective Bargaining

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in committee · United States · House Mar 12, 2026

HR 7919: Gas Prices Relief Act of 2026

The Gas Prices Relief Act of 2026 would temporarily suspend federal gasoline taxes and the Leaking Underground Storage Tank Trust Fund financing rate from its enactment until October 1, 2026, aiming to reduce costs for consumers who purchase gasoline. Specifically, it sets the federal excise tax on gasoline to zero during this period. To prevent funding shortfalls, the bill directs the Treasury to transfer equivalent amounts from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. It also includes a policy that the tax reduction should be passed on to consumers and empowers the Secretary of the Treasury to ensure this, potentially through monetary penalties for producers and dealers who do not reduce prices.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill eliminates federal gasoline taxes to reduce consumer costs, directly supporting tax relief and fiscal assistance for individuals.85% confidence ✓ TransportationSupports TransportationBill reduces gasoline taxes and directs Treasury transfers to Highway Trust Fund, indirectly supporting transportation infrastructure funding.75% confidence

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

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