Budget & Taxes

in committee · United States · House Jun 24, 2025

HR 4102: RISE Act

HR 4102, the RISE Act, reduces the maximum tax rate on investment profits for certain taxpayers. It limits the tax on adjusted net capital gains to 15% for amounts exceeding a specific threshold, directly affecting high-income individuals with significant investment gains. The bill amends the tax code to replace current capital gains tax rates with this new 15% cap for qualifying income. This change applies to taxable years beginning after the bill's enactment date.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces capital gains tax for high-income investors, creating a tax break primarily for wealthy individuals, directly weakening tax revenue from investment profits.95% confidence

Track

in committee · United States · House Jul 2, 2025

HR 4274: Remittance Expense Minimization and Integrity for Transfers Act

HR 4274, the Remittance Expense Minimization and Integrity for Transfers Act (REMIT Act of 2025), requires the Treasury Secretary to certify to Congress before imposing any excise tax or fee on money transmitting businesses. This applies to both licensed services and informal transfer systems (IVTS), such as those used by diaspora communities. The certification must confirm the tax/fee won’t increase money laundering risks or impose undue burdens on businesses. The bill responds to findings that current regulations have pushed users toward unregulated IVTS, which criminal groups exploit for money laundering and terrorist financing. It aims to prevent new fees from inadvertently worsening financial crime while protecting legitimate remittance flows.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts new excise taxes on money transfer businesses without certification, opposing tax measures that could increase risks or burdens.85% confidence

Sub-Topics Sales Tax

Track

in committee · United States · House May 20, 2025

HR 3519: Universal School Choice Act

The Universal School Choice Act (HR 3519) creates tax credits for individuals and corporations that contribute to scholarship granting organizations providing education scholarships. The bill establishes a $10 billion annual cap on these credits and defines "qualified" education expenses to include tuition, materials, tutoring, and other costs at public or private schools, including religious institutions. Scholarship granting organizations must meet requirements like income verification for low-income students and annual audits. The legislation prohibits government control over these organizations and ensures religious schools can participate without discrimination. This bill would directly affect taxpayers making education contributions, scholarship organizations, and students attending participating schools.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credits reducing government revenue, weakening fiscal management by diverting funds via tax breaks instead of public funding.90% confidence ✓ EducationSupports EducationExpands educational access by creating tax credits for scholarships at public/private schools, including religious institutions, increasing funding options for families.90% confidence

Sub-Topics Higher Education School Choice Student Financial Aid

Track

in committee · United States · House Feb 12, 2026

HR 4304: Fair Accounting for Income Realized from Betting Earnings Taxation Act

HR 4304, the FAIR Bet Act, amends the tax code to allow gamblers to deduct 100% of their wagering losses instead of the current 90% limit. This change directly affects individuals who report gambling losses on their federal income tax returns. The key provision modifies Section 165(d) of the Internal Revenue Code to remove the 90% restriction on deducting gambling losses. The bill does not alter how gambling winnings are taxed, only the deduction available for losses.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill increases tax deductions for gamblers (100% loss deduction vs 90%), reducing government tax revenue. This weakens budget revenue streams, aligning with 'oppose' stance.90% confidence

Sub-Topics Income Tax

Track

in committee · United States · House Jul 25, 2025

HR 4772: Critical Minerals Investment Tax Modernization Act of 2025

The Critical Minerals Investment Tax Modernization Act of 2025 modifies the federal tax code to allow mining companies extracting specific critical minerals - including the 15 lanthanide elements and scandium - to claim a 22% tax deduction (known as percentage depletion) on their mining operations. This deduction reduces taxable income for qualifying companies, directly affecting firms focused on these minerals used in technologies like electronics and clean energy infrastructure. The change applies to tax years beginning after the bill's enactment date. The legislation targets a narrow tax provision without altering broader tax policy or funding mechanisms.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates 22% tax deduction for mining companies, reducing government revenue. This tax break primarily benefits corporations (wealthy entities), fitting 'oppose' indicator of creating tax breaks for wealthy.85% confidence ✓ EnergySupports EnergyTax deduction for critical minerals (used in clean energy infrastructure) directly supports renewable energy supply chain development by incentivizing mining of essential materials.95% confidence ✓ TechnologySupports TechnologyBill provides tax incentives for mining critical minerals used in electronics and clean energy technology, indirectly supporting technology infrastructure development.75% confidence

Sub-Topics Renewable Energy

Track

in committee · United States · House Jul 23, 2025

HR 4739: SHARE Plan Act

This bill creates a tax incentive for U.S. corporations to distribute company stock to employees. To qualify, corporations must have 500+ full-time U.S. employees, be U.S.-domiciled, and meet specific share distribution requirements (e.g., distributing at least 1% of shares to employees or maintaining a 5% "SHARE ratio" of shares granted). Eligible corporations receive a 3% reduction in corporate income tax and can deduct the fair market value of distributed stock. Employee stock received under these plans is excluded from taxable income, directly benefiting workers at qualifying companies while lowering tax liability for the corporations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides corporate tax break (3% reduction, deductions), creating tax incentives for corporations, opposing fiscal strengthening indicators.90% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

Track

in committee · United States · House Oct 8, 2025

HR 5709: TAAP Act

The TAAP Act reauthorizes the U.S. program assessing shared aquifers between the U.S. and Mexico. It adjusts which states receive priority for aquifer studies (adding Arizona while excluding a specific Yuma basin area), reduces annual funding from $50 million to $1.5 million for fiscal years 2026-2033, and updates the program’s expiration date to align with this new law. The bill directly affects U.S. states (New Mexico, Texas, Arizona) and Mexican water management entities by modifying federal funding and assessment priorities for transboundary groundwater resources.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces annual funding from $50M to $1.5M, defunding the aquifer assessment program and cutting government spending significantly.95% confidence ✗ EnvironmentOpposes EnvironmentBill drastically reduces aquifer program funding from $50M to $1.5M, weakening water resource management and conservation efforts critical to environmental protection.85% confidence

Track

in committee · United States · House Jul 23, 2025

HR 4714: End Polluter Welfare Act of 2025

The End Polluter Welfare Act of 2025 eliminates federal subsidies for fossil fuel production by repealing tax incentives, increasing royalty rates, and prohibiting federal funding for fossil fuel projects. It directly affects oil, gas, and coal companies by terminating tax credits like the enhanced oil recovery credit (Section 43), ending special tax treatments for fossil fuel activities, and increasing offshore royalty rates to 18 3/4 percent. The bill prohibits U.S. International Development Finance Corporation and Export-Import Bank funding for fossil fuel projects, ends interest payments on royalty overpayments, and terminates tax provisions allowing accelerated depreciation for fossil fuel infrastructure. These changes apply to taxable years beginning after the bill's enactment date, with specific provisions targeting coal, petroleum, and natural gas production.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals fossil fuel tax credits (e.g., Section 43) and increases royalties, restricting corporate tax breaks under Budget & Taxes.95% confidence ✓ EnergySupports EnergyEliminates fossil fuel subsidies, repeals tax credits, and increases royalty rates, directly reducing federal support for fossil energy production to advance cleaner alternatives.95% confidence ✓ EnvironmentSupports EnvironmentBill eliminates fossil fuel subsidies, repeals tax credits, and increases royalties to reduce industry support, directly advancing environmental protection by curbing polluter welfare.95% confidence

Sub-Topics Coal Oil & Gas

Track

in committee · United States · House Sep 30, 2025

HR 5624: No Funding for Lawless Jurisdictions Act

This bill withholds federal grant funding from states or local governments that implement specific policies. It prohibits funding for jurisdictions with laws that substantially limit cash bail for certain serious crimes (like violent offenses or public disorder) or allow felony convicts to be released without bail. It also blocks funding for cities classified as "urbanized areas" that reduced police budgets (unless due to a general budget shortfall). The policy directly affects local governments and states that adopt these specific approaches to criminal justice or law enforcement funding. The bill modifies two existing federal grant programs to enforce these eligibility rules.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds jurisdictions with policies limiting bail or reducing police budgets, directly restricting government spending and federal appropriations.95% confidence ✗ Criminal JusticeOpposes Criminal JusticeBill defunds jurisdictions implementing bail reform (limiting cash bail for serious crimes) and police budget reductions, directly opposing common criminal justice reform policies.95% confidence

Sub-Topics Law Enforcement Policing

Track

in committee · United States · House May 4, 2026

HR 5213: No Federal Funds for Cashless Bail Act

HR 5213, the "Keep Violent Criminals Off Our Streets Act," prohibits federal grants to states or local governments that have policies substantially limiting cash bail for individuals charged with specific violent or public disorder offenses. It directly affects state and local governments with bail policies allowing pretrial release for crimes like murder, rape, robbery, looting, or rioting. The bill amends federal law to block grant awards (under the Omnibus Crime Control Act) for any jurisdiction maintaining such bail policies for these covered offenses, starting in the fiscal year after enactment. This is a funding restriction, not a change to bail laws themselves.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds states with lenient bail policies by withholding federal grants under Omnibus Crime Control Act, restricting government spending on those programs.90% confidence ✗ Criminal JusticeOpposes Criminal JusticeBill blocks federal grants for states allowing pretrial release of violent offenders (murder, rape, etc.), restricting bail policies and reducing defendant rights for serious crimes.95% confidence

Sub-Topics Violent Crime

Track