Budget & Taxes

in committee · United States · House Sep 10, 2026

HR 10330: Higher Education Oversight for Nonprofits Ensuring Standards and Transparency Act

This bill establishes new procedural safeguards for the Internal Revenue Service when conducting tax inquiries or examinations of universities, requiring high-level Treasury approval based on reasonable belief that a university may not qualify for tax-exempt status. It mandates that the IRS provide written notice to the institution before beginning an inquiry and at least 15 days before starting a formal examination, offering the university the opportunity to hold a conference to discuss concerns. The legislation imposes strict time limits, requiring inquiries to be completed within 90 days and examinations within two years, while also restricting the ability to re-examine a university for five years if no significant tax issues are found. Additionally, it requires the Secretary of the Treasury to submit confidential reports to congressional committees detailing any new university tax investigations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts IRS authority by requiring high-level approval and notice before tax examinations of universities, weakening fiscal oversight.85% confidence

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in committee · United States · Senate Jun 16, 2026

S 4791: A bill to abolish the Anti-Weaponization Fund, and for other purposes.

This bill abolishes the Anti-Weaponization Fund, a financial reserve created by the Attorney General during the Trump v. Internal Revenue Service legal case. It also declares an order issued on May 19, 2026, regarding the release of certain claims as invalid and without effect. The legislation directly impacts the Department of Justice by removing this specific fund and reversing the associated administrative directive.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill defunds a specific government reserve fund, which restricts available budgetary resources for that program.60% confidence

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in committee · United States · Senate Jun 16, 2026

S 4796: Stock Buyback Accountability Act of 2026

The Stock Buyback Accountability Act of 2026 raises the federal excise tax on corporate stock repurchases from 1 percent to 4 percent, directly affecting corporations that buy back their own shares. This change also modifies existing tax rules to exclude stock issued to high-income executives and employees earning over $1 million from the tax calculation. The new provisions apply to stock repurchases occurring after the law is enacted, with specific transition rules for partial-year transactions, while the adjustments to tax exemptions take effect for taxable years ending more than 90 days after enactment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill increases federal excise tax on corporate stock buybacks, directly raising taxes on corporations and restricting fiscal flexibility.95% confidence

Sub-Topics Sales Tax

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in committee · United States · House Jun 11, 2026

HR 9289: Keep Public Funds in Public Schools Act of 2026

The Keep Public Funds in Public Schools Act of 2026 eliminates a federal tax credit that allowed parents to deduct contributions to scholarship granting organizations from their income. By removing these specific tax breaks, the bill prevents the use of public tax dollars to support private school vouchers and scholarship programs. This change directly affects families who currently rely on these tax incentives to fund education outside the public school system. The provisions take effect for taxable years beginning after December 31, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill eliminates a tax credit, restricting government spending on private school vouchers and reducing public funds allocated to education.95% confidence ✗ EducationOpposes EducationBill eliminates tax credits funding private school vouchers, restricting public funds for private education.95% confidence

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

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in committee · United States · Senate Jun 2, 2026

S 4657: Modern, Clean, and Safe Trucks Act of 2026

The Modern, Clean, and Safe Trucks Act of 2026 repeals the 12 percent federal excise tax on new heavy trucks, tractors, and trailers. By removing this tax, the bill aims to lower the purchase price of these vehicles and encourage the replacement of older, less efficient models with newer, cleaner technology. The legislation directly affects truck manufacturers, dealerships, and fleet operators by eliminating a specific line item in the Internal Revenue Code that currently applies to the first retail sale of these items. Additionally, the act includes technical amendments to related tax sections to ensure consistency after the main tax is removed.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill repeals a federal excise tax, reducing government revenue and weakening fiscal management.95% confidence ✓ EnergySupports EnergyBill removes tax on new trucks to encourage replacement of older, less efficient models with cleaner technology, advancing energy efficiency.85% confidence ✓ EnvironmentSupports EnvironmentBill removes tax to encourage replacement of older trucks with newer, cleaner technology, reducing emissions.85% confidence ✓ TransportationSupports TransportationBill removes taxes on trucks to encourage replacement with cleaner, more efficient models, advancing sustainable transportation.90% confidence

Sub-Topics Appropriations Sales Tax Freight Transportation Funding

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in committee · United States · Senate May 12, 2026

S 4490: Fair Trusts for Fiscal Responsibility Act

This bill introduces a new annual tax on the total value of assets held in certain trusts, requiring owners to file detailed reports of trust holdings and beneficiary interests. The tax is calculated using a progressive rate structure that ranges from 1% to 3%, with specific thresholds that are adjusted for inflation starting in 2027. To offset this new liability, the legislation creates a "trust withholding credit account" that allows beneficiaries to claim credits against future estate and generation-skipping transfer taxes based on the taxes paid by the trust. Additionally, the bill modifies rules for grantor trusts by treating payments made by grantors to cover trust taxes as taxable gifts, while simultaneously denying any tax deductions for those payments.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes a new progressive tax on trust assets, increasing the tax burden on wealth holders and restricting fiscal relief.90% confidence

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in committee · United States · House Jan 15, 2025

HR 422: No Subsidies for Wealthy Universities Act

HR 422, the "No Subsidies for Wealthy Universities Act," limits how federal research funds can cover indirect costs (like administrative expenses) at universities with large endowments. It prohibits institutions with endowments over $5 billion from using any federal research funds for indirect costs, caps indirect costs at 8% for those with $2-5 billion in endowments, and sets a 15% cap for all other institutions. The bill requires annual collection of endowment data by the National Center for Education Statistics and mandates public reporting of how indirect costs are used. It directly affects research funding for the wealthiest universities, reducing federal support for their administrative operations. The policy applies to new federal research awards starting one year after enactment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts federal research funding allocations to universities with large endowments, limiting indirect cost coverage and reducing government spending flexibility.85% confidence ✗ EducationOpposes EducationBill restricts federal research funding for universities with large endowments, limiting indirect cost allocations and potentially reducing research capacity at higher education institutions.85% confidence

Sub-Topics Higher Education

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in committee · United States · House Jan 9, 2025

HR 254: American Science First Act

HR 254, the American Science First Act, prohibits the National Science Foundation (NSF) from providing grants or funding to any entity affiliated with Chinese military-linked companies listed in U.S. government sanctions. It directly affects Chinese entities on specific federal lists, including those tied to military ownership or control, as defined by Export Administration Regulations and prior defense authorization acts. The bill’s key mechanism blocks NSF funding for research partnerships, joint ventures, or contracts involving these listed companies or their affiliates. This policy change restricts federal science funding access for targeted Chinese military-connected entities without altering broader NSF grant eligibility.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts NSF funding for specific entities, limiting government spending and research partnerships, which opposes budget expansion for scientific programs.75% confidence

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in committee · United States · House Mar 5, 2026

HR 7817: No Federal Tax Dollars for Illegal Aliens Health Insurance Act of 2026

This bill, titled the No Federal Tax Dollars for Illegal Aliens Health Insurance Act of 2026, amends the Affordable Care Act to restrict the use of federal taxpayer funds for health insurance coverage. It directly affects states that receive funding under the ACA and individuals seeking health insurance coverage through federal programs. The key provision prohibits states from using pass-through funding to pay for health insurance or related benefits for individuals who are not U.S. citizens, nationals, or lawfully present aliens. Additionally, the bill requires the Secretary of Health and Human Services to rescind any existing waivers that would have allowed such funding for unauthorized individuals had the new restrictions been in place at the time of approval.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts federal taxpayer funds for health insurance coverage, limiting government spending and reducing available budget allocations for ACA programs.92% confidence ✗ HealthcareOpposes HealthcareBill restricts federal funding for health insurance coverage for non-citizens, limiting access to healthcare services under the ACA.95% confidence ✗ ImmigrationOpposes ImmigrationBill restricts federal taxpayer funds for health insurance coverage for unauthorized immigrants, limiting their access to services.95% confidence

Sub-Topics Business Taxes Insurance

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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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