Budget & Taxes

in committee · United States · House May 4, 2026

HR 8654: Afterschool for All Act

The Afterschool for All Act significantly increases funding for the Community Learning Centers program, raising the annual appropriation from $1 billion to $10 billion for the fiscal years 2026 through 2035. This expansion aims to support after-school programs in elementary and secondary schools, directly benefiting students and educational institutions that rely on these grants. Additionally, the bill amends the name of the relevant section in the Elementary and Secondary Education Act to remove the term "21st Century," and it raises the corporate income tax rate from 21% to 22% for taxable years beginning after the law is enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly increases federal funding for after-school programs from $1B to $10B, directly strengthening government spending on education.95% confidence ✓ EducationSupports EducationBill significantly increases funding for after-school programs and Community Learning Centers, directly expanding educational access and resources.95% confidence

Sub-Topics Appropriations Business Taxes Income Tax

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in committee · United States · Senate Apr 15, 2026

S 4310: No Tax on Overtime for All Workers Act

The No Tax on Overtime for All Workers Act aims to exclude specific types of overtime pay from federal income taxation. It directly affects workers who receive compensation for hours worked beyond a standard 40-hour week under certain collective bargaining agreements. The bill defines this tax-free overtime as pay exceeding the regular rate for work that is either required by the Fair Labor Standards Act or agreed upon in advance for periods of at least 40 hours per week. Additionally, it includes special provisions for employees covered by the Railway Labor Act, allowing tax-free treatment for overtime beyond scheduled or maximum duty hours as defined by their agreements. These tax benefits would apply to taxable years beginning after December 31, 2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief for workers by excluding overtime pay from federal income taxation.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill excludes overtime pay from federal taxation, effectively increasing net wages and protecting worker compensation under collective bargaining agreements.90% confidence

Sub-Topics Income Tax Collective Bargaining Labor Standards

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in committee · United States · House May 13, 2026

HR 8786: INVEST Act

The INVEST Act amends the federal tax code to expand the Work Opportunity Tax Credit for employers who hire veterans with specific renewable energy skills. To qualify for this credit, a veteran must be certified by a local agency as having military training in renewable energy fields, a recent vocational degree in the sector, or a LEED certification from the U.S. Green Building Council. The legislation defines renewable energy broadly to include sources like solar, wind, and geothermal power. Additionally, the bill addresses tax implications for U.S. territories by providing compensation for any lost tax revenue and ensuring coordination between federal and local tax credits. These provisions will take effect for employees who start working for an employer after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands the Work Opportunity Tax Credit to incentivize hiring veterans in renewable energy, promoting fiscal responsibility and green job creation.85% confidence ✓ EnergySupports EnergyThe bill expands tax credits for hiring veterans with renewable energy skills, directly promoting renewable energy workforce development and infrastructure.90% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes hiring veterans with renewable energy skills, promoting clean energy workforce and environmental protection.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands tax credits to encourage hiring of veterans with renewable energy skills, directly supporting employment opportunities.85% confidence ✓ VeteransSupports VeteransThe bill provides tax credits to employers hiring veterans, directly supporting veteran employment and economic reintegration.90% confidence

Sub-Topics Revenue Tax Credits Renewable Energy Solar Professional Licensing Veteran Education Veteran Employment Veteran Healthcare

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in committee · United States · House Apr 30, 2026

HR 8631: KOMBUCHA

This bill, titled KOMBUCHA, removes federal excise taxes on kombucha beverages that contain 1.25 percent alcohol by volume or less. By amending the Internal Revenue Code, it ensures these drinks are no longer taxed as wine or beer, provided they are fermented using specific bacteria and yeast cultures and made from ingredients like tea, fruit juice, or honey. The changes apply to all kombucha produced after the law is enacted, directly affecting manufacturers and sellers of low-alcohol fermented drinks.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes federal excise taxes on kombucha, providing tax relief and reducing the tax burden on manufacturers and consumers.90% confidence

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in committee · United States · Senate Apr 15, 2026

S 4306: Millionaires Surtax Act

The Millionaires Surtax Act introduces a new 10% tax on the portion of an individual's income that exceeds $2 million. This surcharge applies to high-income taxpayers starting with taxable years beginning after December 31, 2026, but the threshold is lowered to $1 million for those filing separately. The law includes specific adjustments for nonresident aliens, citizens living abroad, and charitable trusts, while explicitly excluding this new tax from calculations for other federal credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill introduces a surtax on high-income earners exceeding $2 million, aligning with fiscal responsibility and progressive taxation principles.95% confidence

Sub-Topics Fees & Licensing Income Tax

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in committee · United States · Senate Apr 16, 2026

S 4330: Ending the Carried Interest Loophole Act

The Ending the Carried Interest Loophole Act changes how the IRS treats partnership interests given to employees for their work, specifically targeting financial managers and investment professionals. Under the new rules, these individuals must pay ordinary income tax on the value of their partnership shares at the time they receive them, rather than waiting until they sell the shares to pay lower capital gains taxes. The law also establishes a 10-year window during which any future profits earned from these shares are taxed as ordinary income instead of capital gains. Additionally, the bill repeals an existing tax provision that previously allowed certain carried interest payments to be classified as capital gains.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes a tax loophole for wealthy financial managers, promoting fiscal responsibility and ensuring fair taxation.95% confidence

Sub-Topics Income Tax

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in committee · United States · House May 21, 2026

HR 9002: SURS Extension Act

The SURS Extension Act extends the Small Practice, Underserved, and Rural Support Program through fiscal year 2031. This program provides financial incentives to healthcare providers who treat patients in rural areas or underserved communities. By amending the Social Security Act, the bill ensures these payments continue for six additional years. The measure directly affects small medical practices and facilities that serve high-need populations.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends funding for a healthcare program serving rural and underserved communities, aligning with increasing public service funding.85% confidence ✓ HealthcareSupports HealthcareBill extends funding for a program providing financial incentives to healthcare providers in rural and underserved areas, improving access and strengthening support.95% confidence

Sub-Topics Medicaid Medicare

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in committee · United States · Senate Apr 21, 2026

S 4353: Health Savings Account Expansion Act

The Health Savings Account Expansion Act modifies tax rules to allow individuals with government-sponsored health plans, such as Medicare or Medicaid, and those in health care sharing ministries to contribute to Health Savings Accounts. It also clarifies that payments for these specific types of coverage can be made using HSA funds and expands the definition of eligible medical expenses to include membership fees and administrative costs for health care sharing ministries. Additionally, the bill permits the use of HSA funds to purchase over-the-counter drugs and insulin without a prescription. These changes are scheduled to take effect for taxable years beginning after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax rules to expand Health Savings Accounts, providing tax relief and increasing flexibility for individuals on government-sponsored plans.85% confidence ✓ HealthcareSupports HealthcareBill expands Health Savings Accounts to include government-sponsored plans and sharing ministries, increasing access to tax-advantaged health funding.90% confidence

Sub-Topics Medicaid Medicare

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in committee · United States · House Apr 27, 2026

HR 8497: Supporting Energy and Economic Development (SEED) Act

The Supporting Energy and Economic Development (SEED) Act extends tax credits for biodiesel and renewable diesel production through 2029. It prevents taxpayers from receiving both the production credit and the fuel use credit for the same fuel, ensuring only one benefit is claimed. These changes apply to fuel sold or used after the bill becomes law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends tax credits for renewable fuel production, providing economic incentives and fiscal support for energy development.85% confidence ✓ EnergySupports EnergyBill extends tax credits for biodiesel and renewable diesel, directly advancing renewable energy production and infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentBill extends tax credits for biodiesel and renewable diesel, promoting clean energy and reducing reliance on fossil fuels.90% confidence

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in committee · United States · House Apr 30, 2026

HR 8632: PFAS Cleanup Act

This bill, known as the PFAS Cleanup Act, aims to address the health and economic costs of per- and polyfluoroalkyl substances by introducing two main financial mechanisms. First, it imposes a 45% excise tax on the sale of PFAS chemicals by manufacturers, producers, and importers starting in 2027. Second, it creates a tax credit for public water systems that spend money removing PFAS from drinking water when contamination levels exceed EPA safety limits. The revenue from the tax is intended to help fund cleanup efforts, while the credit encourages water providers to remediate hazardous pollution.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes an excise tax on PFAS chemicals to fund cleanup efforts, directly addressing fiscal management and generating revenue for public health services.90% confidence ✓ EnvironmentSupports EnvironmentBill imposes taxes on PFAS chemicals and funds water system cleanup, directly addressing pollution control and environmental protection.95% confidence ✓ HealthcareSupports HealthcareBill funds PFAS water cleanup to reduce health risks from chemical contamination, protecting public health and preventing disease.85% confidence

Sub-Topics Sales Tax Tax Credits Drinking Water Hazardous Materials Water Quality

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