This bill establishes tax credits for individuals and corporations that contribute to scholarship-granting organizations and workforce training organizations. Individuals can claim a credit up to 10% of their adjusted gross income for contributions supporting elementary/secondary education, career training, or vocational education. Corporations can claim a credit up to 5% of taxable income for similar contributions. The bill includes a $10 billion annual cap on total credits ($5 billion for education, $5 billion for workforce training) and creates a web portal to help taxpayers make contributions and receive tax credit pre-approval.
This bill, HR 4826 (Cutting Paperwork for Taxpayers Act), modifies the tax code to exclude interest paid on overpaid taxes from taxable income. It directly affects individuals and eligible small businesses (as defined under Section 44(b)(1)) who receive interest from the IRS on tax refunds. The key provision adds a new section to the Internal Revenue Code, stating that such interest is not counted as gross income. This change simplifies tax reporting for affected taxpayers by removing the need to include this interest in their annual income calculations. The policy change applies to taxable years beginning after the bill's enactment date.
The Delivering for Rural Seniors Act of 2026 creates a pilot program to provide home delivery of food commodities from the Commodity Supplemental Food Program (CSFP) to low-income seniors in rural areas. It authorizes $10 million annually for fiscal years 2027-2029 to fund competitive grants to state agencies, which must use funds for transportation, staffing, and outreach related to home delivery services - with priority for rural communities. State agencies must report annually on program outcomes, including delivery numbers, cost per delivery, and effectiveness evaluations. The bill directly affects low-income seniors enrolled in CSFP who live in rural areas, aiming to improve their access to food assistance through home delivery.
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Rural Communities
Seniors
HR 2687, the End Kidney Deaths Act, creates a federal tax credit for living kidney donors who give non-directed donations (meaning they don't know the recipient's identity). It provides a $10,000 annual credit for five years ($50,000 total) to donors whose kidney is removed after December 31, 2026, with special rules if the donor dies during this period. The credit applies only to living, non-directed kidney donations and explicitly states it does not count as "valuable consideration" under laws prohibiting organ sales. This bill directly affects living kidney donors who choose to donate anonymously, aiming to incentivize such donations by offsetting related costs through tax relief. The credit expires after December 31, 2036.
This bill increases the excise tax on investment income earned by private colleges and universities from 1.4% to 10%. It also lowers the asset threshold requiring taxation from $500,000 to $200,000 per student, meaning more institutions will now be subject to the tax. The tax applies only to investment income, not the full endowment value, and affects private colleges meeting the new per-student asset threshold. The changes take effect for taxable years after the bill's enactment.
HCONRES 15 is a procedural resolution calling for an Article V constitutional convention to propose a Fiscal Responsibility Amendment. It asserts that 34 states (meeting the two-thirds requirement) have submitted applications for such an amendment, triggering Congress's constitutional duty to convene the convention. The resolution specifies that any proposed amendment must be ratified by a popular vote in 38 states (three-quarters of all states), with delegates bound by the voters' choice as affirmed in the *Chiafalo v. Washington* Supreme Court case. This resolution does not create new policy but outlines the process for convening the convention and ratifying the amendment.
This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.
HRES 1028 is a non-binding House resolution expressing the House's position that the U.S. must address billionaire economic and political influence. It calls for halting corporate tax breaks and subsidies, increasing taxes on the wealthy and corporations, and redirecting funds toward public services like healthcare, housing, and climate initiatives. As a resolution, it does not create new laws but states the House's view that concentrated wealth undermines democracy and requires policy changes to prioritize working people. It specifically references actions like breaking up corporate monopolies and expanding union support as part of this vision.
The SHUTDOWN Act imposes a daily tax on members of Congress during government shutdowns. It requires a tax equal to a percentage of their salary, calculated as (days served during the shutdown period / total days served as a member that year). This applies to all current members of the Senate, House, Delegates, and the Resident Commissioner from Puerto Rico during any lapse in federal funding. The tax takes effect for taxable years beginning after December 31, 2024. The bill directly affects congressional members' compensation during budget impasses, not the public or agencies.
S 173 increases taxes on aviation fuel used by private jets and non-commercial aircraft, imposing a rate of 35.9 cents plus $1.641 per gallon (compared to 4.3 cents for commercial aviation), with annual inflation adjustments starting in 2026. It creates exceptions for emergency uses like medical evacuations or disaster response, and eliminates an existing exemption for certain agricultural aviation. The additional tax revenue funds a new "Clean Communities Trust Fund" to support air quality monitoring, expand public transit infrastructure near airports, and improve transportation in disadvantaged communities - requiring at least 50% of funds to target areas disproportionately impacted by air pollution. This bill directly affects private jet operators and aviation fuel suppliers while directing resources to environmental and transit projects in low-income communities.
