Budget & Taxes

in committee · United States · Senate Mar 17, 2026

S 4111: Big Oil Windfall Profits Tax Act

This bill proposes a new windfall profits tax on crude oil producers and importers, targeting companies that extract or import more than 300,000 barrels of oil per day. The tax rate would be 50% of the amount by which current crude oil prices exceed a baseline set at the 2025 average, with adjustments for inflation in subsequent years. Revenue collected from this tax would be placed in a dedicated fund and then rebated directly to individual taxpayers as a credit against their income taxes. The rebate amount would be calculated quarterly based on the total tax revenue collected and distributed to eligible individuals, with higher amounts for joint filers and income-based phase-outs. The bill applies to oil extracted or imported after December 31, 2025, and includes provisions for territories with mirror tax systems to receive equivalent benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes windfall profits tax on oil companies and rebates revenue to individual taxpayers, increasing government revenue while providing tax relief to individuals.85% confidence ✗ EnergyOpposes EnergyBill imposes windfall profits tax on crude oil producers, which restricts fossil fuel industry operations and could increase energy costs for consumers.85% confidence

Sub-Topics Revenue Tax Credits Oil & Gas

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in committee · United States · Senate Mar 12, 2026

S 4071: Child Care Tax Benefit Outreach and Assistance Act

This bill creates a new Business Child Care Liaison position within the Internal Revenue Service to help businesses understand and use tax benefits for employee child care. The Liaison would connect businesses with various organizations, provide public education on employer-provided child care options, and issue guidance materials for tax return preparers. Additionally, the role would coordinate with other federal agencies and state governments to reduce information barriers for small businesses and report annually on the progress of child care benefit utilization. The position would be exempt from standard federal appointment rules and would submit annual reports to Congress detailing outreach activities and recommendations for improving access to child care tax incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates IRS position to help businesses utilize child care tax benefits, promoting tax benefit utilization and supporting small business fiscal management.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates Business Child Care Liaison to help businesses access tax benefits for employee child care, expanding worker benefits and supporting work-life balance for employees.75% confidence

Sub-Topics Sales Tax

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in committee · United States · Senate Feb 5, 2025

S 347: Brownfields Reauthorization Act of 2025

The Brownfields Reauthorization Act of 2025 reauthorizes and updates the federal program for cleaning up contaminated properties (brownfields), directly affecting small communities, disadvantaged areas, and Alaska Native tribes. Key provisions include increasing grant funding to $1 million per site (up from $500,000), requiring applicants to demonstrate community engagement plans, and extending the program through 2030 with annual funding increases for state programs (from $50 million to $75 million by 2030). The bill also mandates an EPA report to simplify applications and expands eligibility for Alaska Native Regional/Village Corporations to access funding. These changes aim to make cleanup grants more accessible while ensuring community involvement in revitalization projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases federal grant funding for brownfields cleanup from $500K to $1M per site and extends program through 2030 with increased state funding, directly advancing fiscal support for environmental remediation programs.90% confidence ✓ EnvironmentSupports EnvironmentIncreases funding for brownfields cleanup, directly reducing pollution and supporting environmental remediation in communities and tribes through expanded program resources.95% confidence ✓ HousingSupports HousingBill increases funding for brownfields cleanup, which enables redevelopment of contaminated properties into affordable housing and strengthens community development in disadvantaged areas.75% confidence

Sub-Topics Hazardous Materials

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in committee · United States · House Apr 3, 2026

HR 7906: FOOD for Health Act

This bill directs the Secretary of Agriculture to create a pilot grant program that funds Food is Medicine initiatives, which connect community organizations with healthcare providers to help people manage diet-related diseases through nutrition-focused services. The program would provide grants for activities such as medically tailored grocery deliveries, cooking classes, and emergency food operations, with priority given to projects using local foods and involving nutrition professionals. Funding of up to $20 million is authorized for fiscal years 2027 through 2031, and the Secretary must submit reports to Congress on how the program affects participant health outcomes and system costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a pilot grant program to fund Food is Medicine initiatives, providing financial support for nutrition-focused services and community health programs.75% confidence ✓ HealthcareSupports HealthcareBill establishes grant program for Food is Medicine initiatives, improving diet-related disease management through nutrition services and medically tailored food deliveries.85% confidence

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in committee · United States · Senate Mar 3, 2026

S 3972: Highway Formula Fairness Act

This bill, known as the Highway Formula Fairness Act, changes how the federal government distributes highway funding to states starting in fiscal year 2027. Instead of using current population or other metrics, the new formula bases each state's share on the amount of highway funding it received in 2012, relative to the total given to all states that year. The bill also includes a floor provision ensuring no state receives less than 95% of what its share would be based on its proportion of highway user tax payments to the federal Highway Trust Fund. These changes directly affect how billions of dollars in federal highway, safety, and infrastructure funds are allocated to state transportation departments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies federal highway funding distribution to ensure states maintain funding levels, protecting state budgets and essential infrastructure programs.75% confidence ✓ TransportationSupports TransportationBill modifies federal highway funding distribution to ensure states receive fair allocations, protecting transportation infrastructure funding levels.75% confidence

Sub-Topics Roads & Highways Transportation Funding

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in committee · United States · Senate Feb 26, 2026

S 3930: HOPE (Humans over Private Equity) for Homeownership Act

This bill, titled the HOPE for Homeownership Act, imposes a 15 percent excise tax on hedge funds that purchase single-family homes with 1 to 4 units. The tax applies to any hedge fund taxpayer that manages at least $50 million in assets and acquires a majority ownership interest in such residential properties. Additionally, the legislation disallows mortgage interest deductions and depreciation for hedge funds that rent or lease these homes, while also reducing their eligibility for certain business income tax benefits. These tax changes are designed to discourage institutional investors from buying residential properties for investment purposes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes excise tax on hedge funds purchasing single-family homes, closing a tax loophole and promoting fiscal responsibility by limiting tax advantages for wealthy entities.95% confidence ✓ HousingSupports HousingBill imposes tax on hedge funds buying single-family homes to prevent speculation and increase housing availability for regular buyers, supporting affordable housing access.85% confidence

Sub-Topics Income Tax Sales Tax Homeownership Mortgages Renters

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in committee · United States · House Mar 3, 2026

HR 7756: First-time Homebuyer Savings Account Act of 2026

This bill creates a new type of tax-advantaged savings account specifically designed for first-time homebuyers. It allows individuals who have not owned a home in the past three years to make tax-deductible contributions to a special savings account, with a contribution limit based on income and capped at 20% of the national average home price. Money withdrawn from the account is tax-free if used for qualified expenses like purchasing a home or making major repairs, but taxable with a 10% penalty if used for other purposes. The bill also permits limited tax-free withdrawals for emergencies such as job loss, major health events, or marriage, and allows contributions to be rolled over into a new account within 60 days.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax-advantaged savings accounts for first-time homebuyers, providing tax relief and promoting homeownership through tax incentives.85% confidence ✓ HousingSupports HousingBill creates tax-advantaged savings accounts for first-time homebuyers, increasing access to affordable housing through financial incentives.85% confidence

Sub-Topics Procurement Homeownership

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in committee · United States · Senate Mar 12, 2026

S 4072: Agricultural and Food Policy Research Centers Reauthorization Act of 2026

This bill reauthorizes funding for Agricultural and Food Policy Research Centers, which conduct research on food systems and agricultural policy. It directly affects these research centers by extending their authorization period and increasing their annual funding from $10 million to $15 million. The key provision amends existing law to provide $15 million per year for fiscal years 2027 through 2031, replacing the previous funding levels that expired in 2023. This change ensures continued financial support for the centers' research activities over a five-year period.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases funding for agricultural research centers from $10M to $15M annually, directly strengthening government spending on essential research programs.90% confidence

Tags Agriculture

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in committee · United States · Senate Mar 5, 2026

S 4011: Tropical Forest and Coral Reef Conservation Reauthorization Act of 2026

This bill reauthorizes the Tropical Forest and Coral Reef Conservation Act of 1998, which provides funding to protect tropical forests and coral reefs around the world. It directly affects the U.S. government agencies responsible for implementing conservation programs, primarily through the Department of State. The key provision allocates $20 million annually for fiscal years 2028 through 2032 to support ongoing conservation efforts. This legislation extends existing funding authority without changing the underlying conservation goals or program structure.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $20M annually for conservation programs, directly funding government agencies and supporting essential environmental protection efforts.90% confidence ✓ EnvironmentSupports EnvironmentBill reauthorizes and funds tropical forest and coral reef conservation efforts, directly protecting natural resources and ecosystems.95% confidence

Sub-Topics Conservation Forestry

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in committee · United States · Senate Mar 10, 2026

S 4038: Small Business Liberation 2.0 Act

This bill, titled the Small Business Liberation 2.0 Act, exempts small businesses from import duties imposed under Section 122 of the Trade Act of 1974 and requires refunds of any such duties already paid by small businesses. It also prohibits companies from raising prices on affected goods by more than the cost of the duties themselves during a five-year period following duty implementation. The Federal Trade Commission would enforce these rules, with state attorneys general allowed to bring civil actions against violators, while small businesses remain exempt from the price gouging restrictions.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts small businesses from import duties and requires refunds, reducing government revenue and limiting trade policy enforcement under existing tax frameworks.75% confidence

Tags Small Business

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