This bill extends health insurance premium tax credits for taxpayers with household incomes above 400% of the poverty line, temporarily allowing credits for those who would otherwise lose eligibility. It modifies the Internal Revenue Code to apply this extension without a fixed end date, instead tying it to budget estimates that must balance increased federal costs against tariff revenue gains. The key provision adjusts how the credit amount is calculated for tax years beginning after December 31, 2025, using a temporary rule based on projected federal budget impacts. It directly affects middle- and higher-income individuals who rely on these subsidies to afford health insurance coverage. The bill does not change eligibility thresholds but extends current subsidy rules under specific fiscal constraints.
This joint resolution proposes a constitutional amendment prohibiting total federal expenditures for a year from exceeding the average annual federal receipts collected in the three prior years, adjusted for changes in the population of U.S. citizens and inflation. Expenditures for payment of debt and receipts derived from borrowing are excluded. Under the amendment, Congress may authorize specific expenditures in excess of the limit with (1) a roll call vote of two-thirds of each chamber, or (2) a roll call vote for any year in which a declaration of war is in effect. The amendment also prohibits any bill to levy a new tax or increase the rate of any tax from becoming law unless it has been approved by a roll call vote of two-thirds of the whole number of each chamber of Congress. The requirements take effect in the fifth year beginning after ratification of the amendment.
HR 1440, the Discriminatory Gaming Tax Repeal Act of 2025, repeals Chapter 35 of the Internal Revenue Code, which imposed excise taxes on wagering activities. This repeal directly affects gambling businesses and individuals subject to these taxes, removing the federal tax obligation. The change takes effect for taxable years beginning after December 31, 2024, eliminating the tax requirement for future reporting periods. The bill focuses solely on repealing the existing tax provision without altering other gambling regulations.
This bill modifies U.S. tax rules to exclude certain payments made to foreign subsidiaries or affiliates from being classified as "base erosion payments" (payments that reduce U.S. tax revenue). It applies specifically to multinational corporations making cross-border payments to foreign entities that pay at least 15% effective foreign income tax. To qualify, companies must prove the foreign entity’s tax rate meets the threshold using standard financial statements with adjustments for items like dividends or currency gains. The policy change aims to prevent double taxation on such payments while maintaining anti-avoidance safeguards.
This bill extends a 100% tax deduction for film and television productions (replacing the standard bonus depreciation) through 2035, increasing the tax benefit for qualifying productions. It requires productions to spend at least $500,000 in one state (or $100,000 for educational content) to qualify. The policy directly affects producers who meet these spending thresholds and choose to film in any U.S. state. The bill applies nationwide, though its title references Texas as a marketing concept, not a geographic requirement.
HR 3311, the ELECT Act of 2025, ends taxpayer funding for presidential campaigns by terminating two key provisions. It stops using income tax payments to finance presidential elections after December 31, 2024, and dissolves the existing Presidential election campaign fund. Any remaining funds in that account will be transferred to the Treasury’s general fund to reduce the deficit. The bill directly affects presidential candidates and campaigns by eliminating automatic taxpayer support for these elections starting in 2025.
This bill prohibits 501(c)(3) nonprofit organizations (like charities and educational groups) from providing any direct or indirect funding to states or local governments for election administration, such as running polls or managing voter registration. The key change amends the tax code to explicitly ban this funding, with one exception: donating physical space for polling locations. It affects all 501(c)(3) organizations, requiring them to avoid any financial support for election operations. The rule takes effect for tax years starting after December 31, 2025.
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SRES 517 is a Senate resolution opposing congressional spending on earmarks - special spending projects directed by lawmakers for specific local projects. It condemns the use of earmarks to allocate taxpayer funds, reaffirms previous bans on such spending (including a 2019 permanent ban), and urges Congress to focus on reducing the national debt instead. The resolution does not change current spending rules but expresses the Senate’s position against earmarks as a way to curb deficit spending and debt growth. It directly affects how Congress manages federal budget allocations, emphasizing fiscal responsibility over targeted project funding.
SJRES 95 is a congressional disapproval resolution targeting an Internal Revenue Service (IRS) rule. It seeks to block IRS Notice 2025-28, which provided "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships," by invoking procedures under Title 5, U.S. Code. If enacted, this resolution would prevent the IRS guidance from taking effect, directly affecting business partnerships that would have been subject to the Corporate Alternative Minimum Tax under the proposed rule. The resolution is procedural, focusing solely on halting the implementation of the specific IRS guidance without creating new tax law.
This bill increases the maximum percentage of a Real Estate Investment Trust's (REIT) assets that can be held in taxable subsidiary companies from 20% to 25%. It directly affects REITs by allowing them to allocate a larger portion of their investments to these subsidiary entities, which operate under different tax rules. The key provision amends the Internal Revenue Code to change the asset limit percentage, effective for taxable years starting after December 31, 2025. This adjustment provides REITs with slightly more flexibility in structuring their investments.
