Budget & Taxes

in committee · United States · Senate Feb 3, 2025

S 369: NO GOTION Act

This bill denies U.S. green energy tax credits to companies tied to designated "foreign adversaries," including those owned by governments of Cuba, Venezuela (under Maduro), or other nations identified under U.S. law. It blocks eligibility for tax benefits under specific clean energy provisions (like credits for solar, wind, and energy-efficient buildings) if a company meets defined criteria: having 10%+ ownership by a foreign adversary government, being controlled by such entities, or having certain financial arrangements (like leases or debt) with them. The law applies to future tax years and aims to prevent taxpayer-funded incentives from flowing to entities linked to nations deemed adversarial by the U.S. government. It does not alter existing tax credits for companies not meeting these criteria.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDenies tax credits for green energy projects to foreign-adversary-linked companies, restricting tax benefits under clean energy provisions.95% confidence ✗ EnergyOpposes EnergyBill blocks tax credits for solar/wind/energy-efficient projects if companies have foreign adversary ties, restricting access to clean energy incentives.95% confidence

Sub-Topics Nuclear Renewable Energy Solar

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in committee · United States · Senate Jan 30, 2025

S 345: SHUSH Act

This bill (S 345, the SHUSH Act) removes federal barriers to state regulation of firearm silencers. It preempts state laws that impose taxes, registration, or recordkeeping requirements on silencers, meaning states cannot enforce such rules. The bill also amends tax code to treat silencers like firearms for registration purposes and excludes silencers from federal consumer safety regulations. It directly affects silencer manufacturers, sellers, and users by preventing federal interference with state-level rules governing these devices. The key change is making state laws the sole regulatory framework for silencers, not federal requirements.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly preempts state taxes on silencers, preventing states from imposing tax requirements, directly restricting state tax authority under Budget & Taxes.95% confidence

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in committee · United States · Senate Feb 6, 2025

S 471: A bill to amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana.

This bill prohibits federal tax deductions or credits for businesses involved in marijuana trafficking, maintaining the current tax treatment under Section 280E of the Internal Revenue Code. It directly affects businesses operating in the legal marijuana industry (where permitted by state law) by preventing them from deducting ordinary business expenses like rent or supplies on federal tax returns. The key provision expands the existing rule to explicitly include marijuana trafficking under federal law, regardless of state legalization. This policy change means marijuana businesses cannot use standard business expense deductions for federal tax purposes, aligning with federal prohibition on marijuana.

Topics ✗ Budget & TaxesOpposes Budget & TaxesMaintains prohibition on tax deductions for marijuana trafficking businesses, restricting tax benefits and increasing tax liability for the industry.90% confidence

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in committee · United States · Senate Mar 10, 2025

S 913: Return to Sender Act

This bill repeals sections 70002 and 70003 of the Inflation Reduction Act (Public Law 117-169) and rescinds all unused funds allocated under those sections as of its enactment date. It directly affects the federal government's budget by canceling unspent money that was previously set aside for climate and energy programs. The key mechanism is a simple fiscal correction: it removes the authority to use those specific funds and redirects them away from future spending. This is a procedural budget adjustment with no direct impact on citizens or businesses.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds climate/energy programs by rescinding unspent funds from Inflation Reduction Act, directly reducing budget allocation for these areas.95% confidence ✗ EnergyOpposes EnergyBill explicitly defunds climate/energy programs by repealing IRA sections and rescinding unused funds, directly weakening federal energy initiatives.95% confidence ✗ EnvironmentOpposes EnvironmentRepeals climate funding sections of Inflation Reduction Act, rescinds unused funds for energy programs, directly defunding environmental initiatives.95% confidence

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in committee · United States · Senate Feb 18, 2025

S 615: Chemical Tax Repeal Act

S 615, the Chemical Tax Repeal Act, repeals excise taxes on specific chemicals and substances currently levied under the Internal Revenue Code. It removes Subchapters B and C of Chapter 38 (which governed these taxes) from the tax code, directly affecting chemical manufacturers and distributors who paid these taxes. The repeal takes effect January 1, 2025, eliminating these specific tax obligations for affected businesses.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill repeals excise taxes on chemicals, reducing government revenue. This weakens the tax system (a core component of Budget & Taxes) by eliminating a revenue source, directly opposing fiscal strengthening.90% confidence ✗ EnvironmentOpposes EnvironmentRepealing taxes on chemicals may reduce funding for environmental programs and potentially increase pollution by lowering costs for chemical production without environmental safeguards.75% confidence

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in committee · United States · Senate Jan 24, 2025

S 251: Protecting Life in Health Savings Accounts Act

This bill restricts health savings accounts (HSAs), Archer MSAs, health flexible spending accounts, and health reimbursement arrangements from covering most abortion expenses. It allows exceptions only for abortions resulting from rape or incest, or when a pregnancy poses a life-endangering risk to the woman (as certified by a physician). The law amends tax code provisions to exclude non-exempt abortion costs from being treated as qualified medical expenses for tax purposes. These changes take effect for taxable years beginning after December 31, 2025, directly affecting individuals using these specific tax-advantaged health accounts.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts tax deductions for abortion expenses by excluding them from qualified medical expenses, limiting tax benefits under healthcare spending provisions.90% confidence ✗ HealthcareOpposes HealthcareRestricts abortion coverage in HSAs except for rape/incest/life risk, limiting access to abortion services under healthcare plans.95% confidence

Sub-Topics Women's Health

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in committee · United States · Senate Aug 5, 2026

S 239: Crow Revenue Act

The Crow Revenue Act transfers specific mineral rights in Montana to the Crow Tribe. It requires the federal government to accept the relinquishment of the Bull Mountains Lease, convey mineral interests to the Hope Family Trust, and then transfer those rights to the Crow Tribe. The bill mandates a revenue-sharing agreement between the Tribe and Hope Family Trust for future development, and exempts these lands from Montana state taxation. This policy change directly affects the Crow Tribe’s land holdings and revenue streams on designated tracts in Musselshell and Big Horn Counties.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly exempts Crow Tribe lands from Montana state taxation, reducing state tax revenue and weakening fiscal management.90% confidence

Tags Tribal Nations

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in committee · United States · Senate Feb 13, 2025

S 559: AIMM Act

The AIMM Act (S 559) permanently extends a tax rule allowing businesses to include depreciation, amortization, or depletion when calculating the limit on business interest deductions. This change removes a previous expiration date (for taxable years after 2021), making the provision applicable indefinitely for all future tax years. The bill directly affects businesses subject to the business interest deduction rules under the Internal Revenue Code. The key mechanism is a simple amendment to the tax code that eliminates the sunset clause, ensuring consistent treatment without altering other tax provisions.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill permanently extends business tax deductions, reducing government revenue and aligning with tax breaks for corporations (key 'oppose' indicator).95% confidence

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in committee · United States · Senate Jan 23, 2025

S 224: Promoting Domestic Energy Production Act

This bill modifies tax code provisions to benefit energy producers. It allows oil and gas companies to deduct intangible drilling and development costs more favorably when calculating taxable income, by disregarding depreciation and depletion expenses already reflected on their financial statements. The change applies to taxable years beginning after December 31, 2025. This directly affects domestic energy producers who incur these specific drilling costs.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax deductions for oil/gas companies, reducing taxable income and government revenue, aligning with tax breaks for corporations per indicators.90% confidence ✗ EnergyOpposes EnergyBill provides tax benefits to oil/gas producers via favorable cost deductions, directly favoring fossil fuels over renewables per indicators.95% confidence ✗ EnvironmentOpposes EnvironmentTax incentives for oil/gas producers prioritize fossil fuel expansion over environmental protection, increasing industry reliance on non-renewable energy sources.90% confidence

Sub-Topics Oil & Gas

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in committee · United States · Senate Jan 29, 2025

S 303: Defund the CFPB Act

S 303, the "Defund the CFPB Act," would eliminate all federal funding for the Consumer Financial Protection Bureau (CFPB) by amending the 2010 law that created it. The bill specifically changes the funding provision to state the CFPB's budget must be "not more than $0," effectively cutting all financial support. This would directly prevent the CFPB from operating its consumer protection programs, which regulate financial products like mortgages, credit cards, and loans. As a result, consumers relying on the CFPB's enforcement and education efforts would no longer have this federal oversight mechanism.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds CFPB, eliminating all federal funding for consumer financial protection programs, directly reducing government spending on essential services.95% confidence ✗ HousingOpposes HousingDefunding CFPB eliminates oversight of mortgage lending regulations, weakening consumer protections critical to housing affordability and tenant rights.90% confidence

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