Budget & Taxes (Business Taxes)

in committee · United States · House May 8, 2025

HR 3275: Small Business Tax Relief Act

This bill provides tax relief for small businesses by creating a graduated corporate tax rate, where businesses with taxable income under $5 million would pay 18% on the first $400,000 of income and 21% on the remainder. It establishes special tax treatment for investment management services provided through partnership structures, reclassifying certain capital gains and losses as ordinary income or loss for these specific partnerships. The bill also includes an enhanced deduction for lower-income self-employed individuals with adjusted gross income under $400,000 and increases the excise tax on corporate stock repurchases from 1% to 1.5%. These provisions primarily affect small businesses, small business owners, and investment management professionals operating through partnership structures.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for small businesses via lower corporate rates (18%/$400k threshold) and enhanced deductions, aligning with fiscal support indicators.95% confidence

Sub-Topics Business Taxes Income Tax Sales Tax Tags Small Business

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in committee · United States · House Jan 9, 2025

HR 311: Restoring Fuel Market Freedom Act of 2025

HR 311, the Restoring Fuel Market Freedom Act of 2025, repeals multiple existing federal tax credits for fuel producers and importers. It specifically eliminates tax credits for alcohol fuels (Section 40), biodiesel (Section 40A), sustainable aviation fuel (Section 40B), clean fuel production (Section 45Z), and alternative fuel mixtures (Section 6426). These repeals apply to fuels produced, sold, or used after the bill's enactment date, removing current tax incentives for these fuel types. The bill directly affects businesses producing or importing these fuels, as they will no longer qualify for the repealed credits.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals federal tax credits for fuel producers, removing tax incentives and reducing government spending on subsidies.95% confidence ✗ EnergyOpposes EnergyRepeals tax credits for renewable fuels (biodiesel, SAF, clean fuel), removing financial incentives and weakening clean energy standards.95% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credits for clean fuels (biodiesel, sustainable aviation fuel), removing financial incentives that support environmental goals and reduce emissions.95% confidence ✗ TransportationOpposes TransportationRepeals tax credits for sustainable fuels (biodiesel, SAF), defunding alternative fuel incentives critical to transportation sustainability95% confidence

Sub-Topics Business Taxes Tax Credits Airports Transportation Funding

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in committee · United States · House Feb 27, 2025

HR 1707: Grown in America Act of 2025

HR 1707, the Grown in America Act of 2025, creates a new tax credit for agricultural businesses that use predominantly domestically produced inputs. The credit equals 25% of a business's domestic agricultural input costs (capped at $100 million annually), but only if the business meets a 3-year average threshold for domestic sourcing (starting at 50% in 2026 and rising to 85% after 2033). It directly affects food and agricultural producers who source inputs like crops or fish raised in the U.S. for products sold domestically without further processing. The bill defines "domestic agricultural input costs" as expenses for U.S.-produced commodities used in U.S.-made food products, excluding certain commodities listed by the Secretary of Agriculture.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for agricultural businesses using domestic inputs, directly providing tax relief under Budget & Taxes policy.95% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · United States · House Apr 1, 2025

HR 2534: Paying a Fair Share Act of 2025

HR 2534, the Paying a Fair Share Act of 2025, would impose a new tax on individual taxpayers with adjusted gross income exceeding $1 million (adjusted annually for inflation), effective for tax years beginning after 2024. The tax rate would be 30% of the amount by which a taxpayer's income exceeds $1 million, after accounting for charitable contributions. This provision applies only to individuals (not corporations) and is projected to generate significant revenue by requiring the highest earners to pay a larger share of taxes, with sponsors estimating it would reduce the federal deficit by billions annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 30% tax on income >$1M, targeting high earners to generate revenue, aligning with closing tax loopholes and fiscal responsibility.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · United States · Senate Feb 4, 2026

SJRES 102: A joint resolution disapproving the action of the District of Columbia Council in approving the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025.

SJRES 102 is a congressional resolution disapproving the District of Columbia Council's approval of the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025 (D.C. Act A26-0217). This resolution, introduced by Senator Scott on January 27, 2026, aims to block the D.C. tax law from taking effect by invoking Congress's disapproval authority under the District of Columbia Home Rule Act. The bill directly affects D.C. residents and businesses subject to the income and franchise tax provisions in the disapproved law. If passed, it would prevent the D.C. tax code changes from becoming effective.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill blocks D.C. tax law implementation, opposing proposed tax changes under District of Columbia Home Rule Act.95% confidence

Sub-Topics Business Taxes

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in committee · United States · House Jan 9, 2025

HR 312: Restoring Vehicle Market Freedom Act of 2025

HR 312, the Restoring Vehicle Market Freedom Act of 2025, repeals five tax credits related to clean and alternative fuel vehicles from the Internal Revenue Code. Specifically, it eliminates credits for previously owned clean vehicles, alternative motor vehicles, alternative fuel refueling property, new plug-in electric vehicles, and commercial clean vehicles. This change means individuals and businesses purchasing or installing qualifying vehicles or infrastructure will no longer be eligible for these tax incentives. The repeal applies to vehicles or property acquired or placed in service after the bill's enactment date.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals five clean vehicle tax credits, defunding government tax incentives and reducing tax benefits for eligible purchases.95% confidence ✗ EnergyOpposes EnergyRepeals tax credits for clean alternative fuel vehicles, removing financial incentives for renewable energy adoption in transportation.95% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credits for clean vehicles and infrastructure, removing financial incentives that promote environmental protection and clean energy adoption.95% confidence ✗ TechnologyOpposes TechnologyRepeals tax credits for plug-in electric vehicles and charging infrastructure, defunding EV technology adoption and reducing incentives for clean vehicle tech.95% confidence ✗ TransportationOpposes TransportationBill repeals tax credits for clean/alternative fuel vehicles and infrastructure, eliminating financial incentives that support sustainable transportation programs.92% confidence

Sub-Topics Business Taxes Procurement Tax Credits Electric Vehicles Electric Vehicles Transportation Funding

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in committee · United States · House May 20, 2026

HRES 1028: Expressing the sense of the House of Representatives that the United States must act urgently to end the political and economic dominance of billionaire oligarchs, halt the corporate subsidies and tax advantages that fortify their power, and reinvest in the needs of the American people to defend democracy from authoritarianism.

HRES 1028 is a non-binding House resolution expressing the House's position that the U.S. must address billionaire economic and political influence. It calls for halting corporate tax breaks and subsidies, increasing taxes on the wealthy and corporations, and redirecting funds toward public services like healthcare, housing, and climate initiatives. As a resolution, it does not create new laws but states the House's view that concentrated wealth undermines democracy and requires policy changes to prioritize working people. It specifically references actions like breaking up corporate monopolies and expanding union support as part of this vision.

Topics ✓ Budget & TaxesSupports Budget & TaxesCalls to halt corporate tax breaks, increase taxes on wealthy/corporations, and redirect funds to public services like healthcare and climate initiatives - directly supports progressive tax and spending policies.95% confidence ✓ EnergySupports EnergyBill explicitly directs reinvestment toward climate initiatives as part of public services, aligning with renewable energy and clean energy infrastructure funding priorities.85% confidence ✓ EnvironmentSupports EnvironmentBill explicitly states reinvesting funds toward 'climate initiatives' as part of public services, directly advancing environmental goals.95% confidence ✓ HealthcareSupports HealthcareBill explicitly lists healthcare as a priority for redirected public funds under 'reinvest in needs of American people'90% confidence ✓ HousingSupports HousingBill explicitly redirects funds to housing as part of public services, aligning with funding support for housing needs.90% confidence

Sub-Topics Business Taxes

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in committee · United States · House Mar 5, 2025

HR 1873: Broadband Grant Tax Treatment Act

HR 1873, the Broadband Grant Tax Treatment Act, excludes certain federal broadband grants from taxable income for recipients. It directly affects entities (like internet providers or local governments) receiving qualifying grants under specific programs, including the Broadband Equity, Access, and Deployment Program and State Digital Equity Capacity Grants established by the Infrastructure Investment and Jobs Act. The bill prevents double tax benefits by disallowing deductions for expenses covered by these excluded grants and reduces the adjusted basis of related property. This change applies to grants received in taxable years ending after March 11, 2023.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes federal broadband grants from taxable income, providing tax relief to recipients and preventing double taxation on public infrastructure funding.95% confidence ✓ EducationSupports EducationBill enables tax-free broadband grants for entities supporting digital equity programs, directly enhancing educational access and infrastructure for schools under Infrastructure Act provisions.85% confidence ✓ TechnologySupports TechnologyExcludes broadband grants from taxable income, reducing financial barriers for providers and local governments deploying infrastructure, directly expanding internet access.90% confidence

Sub-Topics Business Taxes Tax Incentives Broadband Access Telecommunications

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