Budget & Taxes

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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in committee · United States · House Jan 3, 2025

HR 199: Implementing DOGE Act

This bill requires automatic, across-the-board spending cuts to nonsecurity federal programs for fiscal years 2026 and beyond. It targets nonsecurity discretionary spending (like education, transportation, and environmental programs) by rescinding the percentage of growth above 1% compared to the previous year's funding. The cuts apply proportionally to all nonsecurity programs after appropriations are made available for the fiscal year (by September 30). Security-related spending (such as defense) is excluded from these reductions.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill mandates automatic cuts to nonsecurity discretionary programs (education, transportation, environment), defunding essential services per indicators.90% confidence ✗ EducationOpposes EducationBill mandates across-the-board cuts to nonsecurity discretionary spending, explicitly including education programs, resulting in defunding.95% confidence ✗ EnvironmentOpposes EnvironmentBill mandates across-the-board spending cuts to nonsecurity federal programs including environmental programs, effectively defunding environmental initiatives.85% confidence ✗ HealthcareOpposes HealthcareBill mandates across-the-board spending cuts to nonsecurity federal programs, which would likely reduce funding for healthcare services and public health initiatives included in those programs.75% confidence ✗ TransportationOpposes TransportationBill mandates across-the-board cuts to nonsecurity discretionary programs including transportation, reducing funding by rescinding growth above 1%.95% confidence

Sub-Topics Appropriations Government Spending

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in committee · United States · Senate May 13, 2025

S 1721: Energy Freedom Act

The Energy Freedom Act (S 1721) repeals numerous tax credits and incentives for clean energy, energy efficiency, and alternative fuels currently included in the Internal Revenue Code. This bill affects individuals, businesses, and organizations that currently benefit from these credits, including homeowners making energy-efficient home improvements, clean energy producers, and manufacturers of alternative fuels. The legislation specifically eliminates credits for residential and commercial energy efficiency, clean vehicles, renewable energy production, biofuels, and other clean energy technologies. Most provisions will take effect for tax years beginning after December 31, 2025, with some provisions taking effect January 1, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals tax credits for clean energy/efficiency, defunding incentives that reduce government spending through tax breaks.95% confidence ✗ EnergyOpposes EnergyRepeals tax credits for clean energy, energy efficiency, and alternative fuels, directly weakening incentives for renewables and efficiency programs.95% confidence ✗ EnvironmentOpposes EnvironmentBill repeals tax credits for clean energy, energy efficiency, and alternative fuels, directly defunding environmental initiatives and removing financial incentives for clean energy adoption.95% confidence ✗ HousingOpposes HousingRepeals tax credits for energy-efficient home improvements, increasing costs for homeowners and reducing housing affordability.80% confidence

Sub-Topics Energy Efficiency Renewable Energy

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in committee · United States · House Jan 9, 2025

HRES 27: Expressing opposition to Central Business District Tolling Program of New York City.

This resolution (HRES 27) expresses the U.S. House of Representatives' opposition to New York City's proposed Central Business District Tolling Program, which would charge drivers up to $23 per day to enter Manhattan south of 60th Street. It directly affects daily commuters, small businesses (particularly those still recovering from pandemic-related losses), low-income families, and students traveling into Manhattan. The resolution disapproves the program, urges New York State to conduct and publicly share an economic impact report, and recommends halting implementation. The tolling program is intended to generate $1 billion annually for the MTA's capital projects and operations, but critics argue it would impose significant costs on residents and businesses already facing high inflation.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly opposes a proposed tolling program (tax on drivers entering Manhattan), directly opposing a new tax measure affecting commuters and businesses.95% confidence ✗ TransportationOpposes TransportationBill explicitly opposes NYC's CBD tolling program that would restrict vehicle access to Manhattan via daily fees, directly limiting transportation access.95% confidence

Sub-Topics Transportation Funding

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in committee · United States · House Feb 13, 2025

HR 1347: AIMM Act

HR 1347, the AIMM Act, permanently extends a tax provision allowing businesses to deduct depreciation, amortization, or depletion when calculating their business interest expense limit. This change directly affects manufacturers and other businesses that use these deductions for tax purposes. The bill amends the tax code to remove the previous expiration date (which applied only to years before 2022), making the deduction rule permanent for all future taxable years. The key change is eliminating a temporary provision, providing ongoing certainty for business tax calculations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesPermanently extends business tax deduction, creating tax break for corporations, aligning with 'oppose' indicator of favoring wealthy entities.95% confidence

Sub-Topics Business Taxes

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in committee · United States · House Oct 17, 2025

HRES 812: Condemning the United Nations and International Maritime Organization for proposing a global tax on shipping emissions, threatening United States sovereignty, trade, and economic interests.

HRES 812 is a non-binding House resolution condemning the International Maritime Organization (IMO) and United Nations for proposing a global tax on shipping emissions. It opposes the plan to require vessels to pay into a centralized international fund based on carbon emissions, arguing this would threaten U.S. sovereignty, raise costs for American exporters, and harm trade competitiveness. The resolution demands that U.S. representatives at the IMO vote against the proposal and asserts that no American shipping company can be taxed by international bodies without Congressional approval. It also calls for reciprocal measures against nations enforcing such a tax, though the resolution itself has no legal effect.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly opposes a proposed global tax on shipping emissions, arguing it threatens U.S. economic interests and sovereignty, directly opposing a tax measure.95% confidence ✗ EnvironmentOpposes EnvironmentBill opposes a global shipping emissions tax, resisting an environmental regulation intended to reduce emissions and fund climate efforts, arguing it threatens U.S. sovereignty and trade.95% confidence ✗ TransportationOpposes TransportationBill explicitly opposes a global tax on shipping emissions, which would impact transportation sector operations and costs, aligning with 'oppose' stance against regulatory restrictions.95% confidence

Sub-Topics Climate Change Ports

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in committee · United States · House May 5, 2025

HR 3205: No Subsidies for Gender Transition Procedures Act

This bill would deny federal tax deductions for gender transition procedures and prohibit Medicaid, Medicare, and Children's Health Insurance Program (CHIP) funding for such procedures. It defines gender transition procedures broadly to include hormonal treatments, surgeries, and cosmetic procedures intended to align physical appearance with gender identity, with limited exceptions for medically necessary treatments related to disorders of sex development or life-threatening conditions. The legislation would also require health insurance plans to exclude gender transition procedures from essential health benefits under the Affordable Care Act. This would directly affect individuals seeking gender transition care who rely on federal health programs or tax deductions for medical expenses.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill denies tax deductions and prohibits federal funding (Medicaid/Medicare/CHIP) for gender transition procedures, directly restricting tax benefits and defunding health services under budget & taxes.95% confidence ✗ HealthcareOpposes HealthcareProhibits Medicaid/Medicare/CHIP funding for gender transition procedures, restricting access to healthcare services for transgender individuals under federal programs.95% confidence

Sub-Topics Children's Health Insurance Medicaid

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in committee · United States · Senate Jun 25, 2025

S 2174: NATO Act

S 2174 (NATO Act) would withdraw the United States from NATO by requiring the President to notify the treaty organization of denunciation within 30 days of enactment. It prohibits federal funds from supporting any U.S. contributions to NATO's budgets, including military and civil programs. This bill satisfies a legal requirement for congressional authorization regarding NATO withdrawal, as specified in the National Defense Authorization Act for Fiscal Year 2024. The legislation directly affects U.S. foreign policy and military funding obligations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds NATO contributions by prohibiting federal funds for U.S. NATO budget support, directly reducing government spending on military alliances.95% confidence

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in committee · United States · House Apr 7, 2025

HJRES 14: Proposing an amendment to the Constitution of the United States to repeal the sixteenth article of amendment.

HJRES 14 proposes repealing the 16th Amendment to the U.S. Constitution, which currently authorizes Congress to levy income taxes. If enacted, this would eliminate the federal government's power to collect income taxes from all sources, except during a formally declared war by Congress. The bill includes a two-year implementation period after ratification and requires the Treasury Secretary to submit a report on necessary legislative changes within 180 days of ratification. This proposal directly affects all U.S. taxpayers and the federal tax system, but remains a formal constitutional amendment proposal pending ratification by 38 states.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill proposes repealing the 16th Amendment, eliminating federal income tax authority, which would drastically reduce government revenue and restrict tax collection powers.95% confidence

Sub-Topics Income Tax

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