Budget & Taxes

in committee · United States · House Apr 30, 2026

HR 8637: Release Your Taxes Act of 2026

This bill requires Members of Congress and congressional candidates to submit their federal tax returns to congressional clerks within two days of filing. The law mandates that these officials create a public database to display the tax documents and immediately post them online within five business days. If a candidate or member fails to comply, their name will be listed on the website until they submit the required documents or six years pass after they leave office. The provisions apply to tax years beginning in 2025 and later, ensuring transparency for elected officials and those seeking election.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates public disclosure of congressional tax returns, promoting fiscal responsibility and government accountability.90% confidence

Tags Government Transparency

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in committee · United States · House Apr 30, 2026

HR 8607: Equitable Transit Oriented Development Support Act

This bill establishes a new funding mechanism to support affordable housing and small businesses near public transit stations by creating special accounts within Community Development Financial Institutions. It allows these institutions to receive secured federal loans, which must then be used to fund affordable projects in low-income areas within a half-mile of transit facilities. The legislation sets specific rules for these accounts, including loan limits of up to 80 percent of project costs and a requirement that repayments be reinvested to create a revolving fund for future projects. Additionally, the bill adjusts existing federal credit programs to accommodate these new accounts and requires coordination with the Treasury Department to manage credit assessments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a new funding mechanism and creates special accounts to support affordable housing and small businesses near transit, directly advancing fiscal management for public services.85% confidence ✓ HousingSupports HousingBill creates funding mechanisms to support affordable housing near transit stations and funds projects in low-income areas.95% confidence ✓ TransportationSupports TransportationBill creates funding for affordable housing near transit stations, directly supporting public transit infrastructure and accessibility.90% confidence

Sub-Topics Affordable Housing Historic Preservation Housing Finance Public Transit Rail

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in committee · United States · House May 21, 2026

HR 9007: Constance C. McDaniel Medically Necessary Infant Formula and Donor Milk Act

This bill, titled the Constance C. McDaniel Medically Necessary Infant Formula and Donor Milk Act, directs the Department of Health and Human Services to create a three-year pilot program that provides financial assistance to eligible parents for purchasing infant formula or donor milk. To receive aid, parents must have a child under one year old who cannot breastfeed due to specific medical conditions, such as maternal illness, adoption, or infant digestive issues, and must not already qualify for the Special Supplemental Nutrition Program for Women, Infants, and Children. The program offers flexible funding methods like vouchers or reimbursements and requires the government to evaluate its effectiveness annually while reporting results to Congress. The initiative is authorized for a total of $60 million over four fiscal years and will end three years after the law is enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill directs HHS to create a pilot program providing financial assistance to parents, representing new government spending to fund essential health needs.75% confidence ✓ HealthcareSupports HealthcareBill directs HHS to create a pilot program providing financial assistance for medically necessary infant formula and donor milk, improving access to essential healthcare for vulnerable infants.95% confidence

Sub-Topics Procurement Children's Health

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in committee · United States · House Apr 30, 2026

HR 8600: To amend the Internal Revenue Code of 1986 to temporarily suspend certain fuel excise taxes for fuel separated during periods in which the national average price of gasoline exceeds $3.99 per gallon, and to prohibit certain credits or deductions for oil and gas companies during such periods.

This bill temporarily suspends a portion of the federal fuel excise tax when the national average price of gasoline rises above $3.99 per gallon. Instead of reducing government revenue, the money saved from this tax cut is transferred back into the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. Additionally, the legislation disallows certain tax credits and deductions for oil and gas companies for costs incurred or production occurring during these high-price months. These changes would only take effect for taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill suspends fuel taxes to lower consumer costs while redirecting savings to trust funds and limiting corporate tax breaks, promoting fiscal responsibility.85% confidence ✓ TransportationSupports TransportationBill protects Highway Trust Fund by redirecting tax savings, ensuring continued funding for road infrastructure.85% confidence

Sub-Topics Sales Tax Roads & Highways Transportation Funding

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in committee · United States · House May 22, 2026

HR 9014: Affordable Housing and Area Median Income Fairness Act of 2026

This bill authorizes $5 billion annually for each fiscal year from 2026 to 2035 to fund affordable housing programs, but restricts these funds to areas designated by the Secretary of Housing and Urban Development as having high housing costs. It also requires the Secretary to conduct a comprehensive study on alternative ways to calculate income limits for urban housing assistance, with a final report due two years after enactment. The study will analyze how current income metrics affect rent affordability and explore options like using ZIP Code-level data to better support low- and middle-income families in expensive cities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly allocates $5 billion annually to fund affordable housing programs, directly advancing the budget topic through increased government spending.95% confidence ✓ HousingSupports HousingBill allocates $5B annually for affordable housing programs in high-cost areas and mandates a study on income limits.95% confidence

Sub-Topics Affordable Housing Homelessness Housing Finance

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in committee · United States · House May 12, 2026

HR 8772: Diesel Prices Relief Act of 2026

The Diesel Prices Relief Act of 2026 eliminates the federal excise tax on diesel fuel for a period ending on January 1, 2027, directly affecting drivers and businesses that use diesel. To offset the lost revenue, the bill requires the Treasury Secretary to transfer money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. The legislation also mandates that fuel producers and dealers pass these savings immediately to consumers and gives the Treasury authority to enforce this requirement.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill eliminates federal excise tax on diesel, providing direct tax relief to drivers and businesses, which aligns with advancing tax relief.85% confidence ✓ EnergySupports EnergyBill reduces diesel fuel costs for drivers and businesses, directly supporting energy affordability and consumer relief.85% confidence ✓ TransportationSupports TransportationBill eliminates federal excise tax on diesel, reducing costs for drivers and businesses, and transfers funds to the Highway Trust Fund to support road infrastructure.85% confidence

Sub-Topics Sales Tax State Budget Freight Roads & Highways Transportation Funding

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in committee · United States · Senate Apr 27, 2026

SRES 688: A resolution expressing support for the staff of public, school, academic, and special libraries in the United States and the essential services those libraries provide to communities, recognizing the need for funding commensurate with the broad scope of social service and community supports provided by libraries, preserving the right of all citizens of the United States to freely access information and resources in their communities, supporting a strong union voice for library workers, and defending the civil rights of library staff.

This Senate resolution expresses support for library staff across public, school, academic, and special libraries in the United States. It highlights the essential services libraries provide, such as equitable internet access, social support, and community resources, while calling for adequate funding at all government levels. The measure reaffirms the right of citizens to freely access information and explicitly supports the ability of library workers to unionize and collectively bargain. Additionally, it defends the civil rights of library staff against intimidation and censorship, noting recent challenges like book bans and the potential elimination of the Institute of Museum and Library Services.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly calls for adequate funding for libraries and supports unionization, indicating a stance to fund essential public services.85% confidence ✓ EducationSupports EducationBill supports school libraries, advocates for equitable internet access, and calls for adequate funding to strengthen educational resources.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill explicitly supports a strong union voice for library workers and defends their civil rights, directly advancing collective bargaining and worker protections.90% confidence ✓ TechnologySupports TechnologyBill explicitly supports equitable internet access and defends civil rights to freely access information, aligning with digital equity goals.85% confidence

Sub-Topics Libraries Collective Bargaining Broadband Access

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in committee · United States · House Apr 30, 2026

HR 8644: Stop Subsidizing Private Jets of 2026

This bill, titled the Stop Subsidizing Private Jets of 2026, prevents taxpayers from deducting expenses related to private fixed-wing aircraft on their federal income tax returns. It directly affects individuals and businesses that purchase, maintain, or operate personal planes, effectively removing the tax benefit previously available for these costs. The law allows deductions only for specific exceptions, such as aircraft used for property transport, agriculture, firefighting, emergency medical services, or commercial activities like flight instruction and sightseeing tours. These changes will apply to any expenses incurred after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes a tax loophole by removing deductions for private jet expenses, promoting fiscal responsibility and reducing unnecessary government revenue loss.95% confidence ✗ TransportationOpposes TransportationBill restricts tax benefits for private aircraft, limiting financial incentives for this transportation sector.85% confidence

Sub-Topics Income Tax

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in committee · United States · House Apr 28, 2026

HR 8538: Save America’s Family Forests Act of 2026

The Save America's Family Forests Act of 2026 provides tax incentives to encourage landowners to replant forests damaged by natural disasters. It increases the standard tax deduction for routine reforestation projects from $10,000 to $30,000 per property and adjusts these amounts annually for inflation. Additionally, the bill allows a special deduction of up to $1 million for expenses related to replanting trees destroyed by federally declared disasters, with specific rules to prevent double-dipping with other tax benefits. These financial benefits are designed to help taxpayers recover costs and promote forest regeneration without changing the underlying laws governing disaster relief or timber management.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax deductions for reforestation, providing tax relief and financial incentives to landowners.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax incentives to encourage forest replanting and protect natural resources from disaster damage.95% confidence

Sub-Topics Conservation Forestry Natural Disasters

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in committee · United States · Senate Apr 16, 2026

S 4331: Modernization of Derivatives Tax Act of 2026

The Modernization of Derivatives Tax Act of 2026 changes how taxpayers report gains and losses from financial derivatives and related investments. It requires individuals and businesses to recognize these gains or losses as ordinary income or loss in the year they occur, rather than waiting until they sell the assets. The bill introduces a new 'investment hedging unit' concept that allows taxpayers to group specific derivatives with their underlying investments, which changes how certain built-in profits and losses are calculated and reported. Additionally, the legislation updates existing tax rules regarding straddles and clarifies how corporations handle derivatives related to their own stock.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax loopholes by mandating immediate recognition of derivative gains/losses, preventing deferral strategies that reduce taxable income.85% confidence

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