Budget & Taxes

in committee · United States · Senate Apr 3, 2025

S 1277: IDEA Full Funding Act

The IDEA Full Funding Act (S 1277) mandates specific annual funding levels for the Individuals with Disabilities Education Act (IDEA) starting in fiscal year 2026. It sets fixed dollar amounts or percentage-based funding (ranging from 11.6% to 40% of a calculated base) for states providing special education services to children with disabilities aged 3-21. Funding becomes available on July 1 each year and remains accessible through September 30 of the following year, with amounts increasing annually through 2035. This directly affects all states receiving IDEA grants by guaranteeing minimum federal funding tied to the number of eligible students and national per-pupil spending averages.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates increased annual funding levels for special education under IDEA, directly advancing government spending on essential education services.95% confidence ✓ EducationSupports EducationMandates increased IDEA funding for special education services, directly advancing educational access and resources for disabled students through fixed annual funding levels.95% confidence

Sub-Topics School Funding Special Education

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in committee · United States · House Mar 31, 2025

HR 2524: REPEAL CBO Requirements Act

HR 2524, the "REPEAL CBO Requirements Act," would allow congressional committees (excluding Appropriations committees) to replace Congressional Budget Office (CBO) budget estimates with estimates from private accounting firms. Specifically, committee chairs could obtain budget cost estimates from the top 10 accounting firms by revenue instead of the CBO for any bill or resolution, using these private estimates for budget enforcement under key laws like the Balanced Budget Act and Pay-As-You-Go rules. The bill requires that if a private firm's estimate is used, the CBO would no longer prepare an estimate for that measure. This change would shift the responsibility for budget scoring from the nonpartisan CBO to for-profit accounting firms for most legislative measures.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill replaces nonpartisan CBO budget analysis with private firms, reducing oversight and accountability in fiscal management per its summary.85% confidence

Sub-Topics Appropriations State Budget

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in committee · United States · Senate Feb 26, 2025

S 757: Tribal Adoption Parity Act

S 757, the Tribal Adoption Parity Act, expands eligibility for the federal adoption tax credit by allowing Indian tribal governments to determine if a child has special needs for tax credit purposes. This directly affects Native American families adopting children within tribal jurisdictions, as it removes a current barrier where only state determinations counted. The bill amends the Internal Revenue Code to add "Indian tribal government" to the definition used for qualifying children under the adoption credit, effective after enactment. This change ensures tribal governments have equal standing with states in this tax benefit process.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands federal adoption tax credit eligibility for tribal adoptions, providing tax relief to Native American families by allowing tribal governments to determine special needs status.95% confidence

Sub-Topics Tax Credits Tags Tribal Nations

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in committee · United States · House Feb 4, 2026

HR 7340: Rebuild America’s Schools Act of 2026

The Rebuild America's Schools Act of 2026 authorizes $20 billion annually from 2027 to 2031 to improve public school facilities nationwide. The bill provides grants to states to fund school construction, renovation, and modernization projects that focus on safety, energy efficiency, and accessibility, with priority given to schools serving high percentages of students eligible for free or reduced-price lunch. Funds cannot be used for routine maintenance, athletic facilities, or vehicles, and must meet specific environmental, safety, and energy efficiency standards. The bill also includes specific provisions for repairing school foundations affected by pyrrhotite, a mineral that causes concrete deterioration, and requires use of American-made materials for construction projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes $20B annual federal funding for public school facility improvements, increasing government spending on essential public education services.95% confidence ✓ EducationSupports EducationBill allocates $20B annually (2027-2031) for public school facility upgrades, prioritizing safety, energy efficiency, and accessibility in schools serving low-income students.95% confidence ✓ EnergySupports EnergyBill explicitly prioritizes energy efficiency in school facility projects, aligning with energy efficiency investments and infrastructure improvements.90% confidence ✓ EnvironmentSupports EnvironmentBill includes funding for energy efficiency improvements in school facilities, which indirectly supports environmental conservation and reduced energy consumption.65% confidence

Sub-Topics Tax Credits K-12 Education School Funding School Safety Energy Efficiency Air Quality

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in committee · United States · Senate Jun 10, 2025

S 2017: S Corporation Modernization Act of 2025

This bill modernizes S corporation tax treatment with several key changes. It increases the passive investment income limit from 25% to 60% and removes excessive passive income as a termination event, making it easier for S corporations to maintain their status. The bill also allows nonresident aliens and IRAs to be shareholders, and creates a deduction for shareholders who inherit S corporation stock, allowing them to amortize built-in gains over 15 years. These changes aim to make S corporations more flexible and attractive for business owners and investors.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax breaks for wealthy S corp shareholders via expanded ownership (nonresident aliens/IRAs) and inheritance deductions, aligning with 'oppose' indicators.90% confidence

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in committee · United States · Senate May 14, 2025

S 1763: Motorsports Fairness and Permanency Act of 2025

The Motorsports Fairness and Permanency Act of 2025 makes permanent a 7-year recovery period for motorsports entertainment complexes, which was previously temporary. This change directly affects businesses that own or operate motorsports facilities, such as race tracks and related entertainment venues. The bill amends the Internal Revenue Code by removing a temporary provision (subparagraph (D) of Section 168(i)(15)), ensuring these businesses can use the 7-year recovery period indefinitely. This provides long-term tax certainty for the motorsports industry without altering other tax rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill makes permanent 7-year tax depreciation for motorsports businesses, extending a tax benefit under IRC Section 168(i)(15), providing tax relief to specific industry.90% confidence

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in committee · United States · House Apr 21, 2025

HR 2982: Fair Taxation of Digital Assets in Puerto Rico Act of 2025

This bill changes how digital asset income is taxed for Puerto Rican residents under federal law. It specifies that income from digital assets - such as mining, staking, holding (including forks/airdrops), or selling/exchanging them - will no longer be treated as derived from Puerto Rico for tax purposes. This means such income would not be subject to Puerto Rico's tax jurisdiction under the Internal Revenue Code. The provision applies to taxable years beginning after the bill's enactment, directly affecting Puerto Rican residents earning income through these digital asset activities. The bill defines "digital asset" as a cryptographically secured digital representation of value recorded on a distributed ledger.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRemoves Puerto Rico's tax jurisdiction over digital asset income, reducing potential state revenue and weakening fiscal management.95% confidence

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in committee · United States · Senate Jul 14, 2025

S 2272: Tribal Access to Clean Water Act of 2025

The Tribal Access to Clean Water Act of 2025 provides federal funding to improve water infrastructure on Tribal lands and for the Native Hawaiian community. The bill authorizes $100 million annually for water and waste facility loans and grants, $500 million for sanitation facilities construction through the Indian Health Service, and $100 million for operation and maintenance of water systems, all from fiscal years 2026 through 2030. It also provides $30 million annually for technical assistance to help Tribes access funding and develop sustainable water systems. The bill aims to address the lack of clean water access, which affects nearly half of all households on Tribal lands. The funding requires no matching contribution from Tribes and prioritizes facilities most in need of assistance.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly authorizes $730M+ in federal funding (2026-2030) for Tribal water infrastructure, sanitation, and operations, directly increasing public service funding.95% confidence ✓ EnvironmentSupports EnvironmentFunds water infrastructure on Tribal lands, directly advancing clean water access and environmental protection through specific federal allocations for facilities and maintenance.95% confidence ✓ HealthcareSupports HealthcareBill provides federal funding for water infrastructure on Tribal lands, which directly supports public health and healthcare access for Native communities by improving sanitation and water quality.75% confidence

Sub-Topics Drinking Water Water Quality Tags Tribal Nations

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in committee · United States · House May 21, 2025

HR 3540: Low-Income Housing Tax Credit Elimination Act

HR 3540, the Low-Income Housing Tax Credit Elimination Act, eliminates the federal Low-Income Housing Tax Credit (LIHTC) for new housing projects. It directly affects developers and investors who rely on this tax credit to fund affordable housing construction. The bill amends the tax code to end eligibility for the credit on buildings placed in service after the law's effective date. This means no new tax credits will be available for affordable housing developments starting in the next taxable year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEliminates tax credit funding for affordable housing, directly defunding a key public housing program through tax code changes.95% confidence ✗ HousingOpposes HousingEliminates LIHTC, a critical federal funding source for affordable housing development, directly reducing new affordable housing construction and cutting housing assistance.95% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Housing Finance

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in committee · United States · House Jan 23, 2025

HR 662: Promoting Domestic Energy Production Act

HR 662 amends the tax code to change how oil and gas companies calculate taxable income related to intangible drilling and development costs. It allows companies to disregard certain depreciation and depletion expenses recorded on their financial statements when computing taxable income, effectively reducing their tax burden on these specific costs. The bill directly affects oil and gas producers who use intangible drilling costs in their operations. The changes apply to taxable years beginning after December 31, 2025. This is a tax code adjustment, not a direct policy change for energy production.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reduces tax burden for oil/gas companies via tax code changes, creating targeted tax breaks for corporations, aligning with 'tax breaks primarily for wealthy' indicator.90% confidence ✗ EnergyOpposes EnergyReduces tax burden for oil/gas producers by changing depreciation rules, directly favoring fossil fuel production over renewable energy development.95% confidence ✗ EnvironmentOpposes EnvironmentBill reduces tax burden for oil/gas producers, promoting fossil fuel production without environmental safeguards, directly opposing climate/conservation goals.85% confidence

Sub-Topics Oil & Gas

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