Legislation of the 119th Congress

The bill lowers taxes for tipped workers and gives payroll‑tax relief to beauty‑sector employers—boosting take‑home pay and hiring—but does so at the cost of reduced federal revenue and added compliance, fairness, and benefit‑accrual risks.

1. senate
3. house
5. president

The bill reduces cross-border tax burdens and clarifies withholding rules to encourage trade and investment with Taiwan, but it will lower U.S. tax receipts and create added compliance complexity and timing uncertainty tied to reciprocal certification and carve-outs.

1. house
3. senate
5. president

The resolution pushes for lower interest rates to boost jobs, household cash flow, and reduce federal debt costs, but risks higher inflation, weaker savers' returns, financial instability, and politicizing the Federal Reserve.

1. senate

The bill seeks to curb tax advantages for large single-family rental owners to encourage transfers to owner-occupants and nonprofits and reduce investor concentration, but it does so at the cost of higher taxes and compliance burdens for property owners and risks of market disruption and reduced rental investment that could raise housing costs.

1. senate
3. house
5. president

The bill directs large new federal resources and regulatory changes to expand affordable housing, accessibility, nondiscrimination, and community investment—boosting housing supply and access for underserved groups—while increasing federal spending, tax burdens for some estates, and compliance/market costs that could reduce supply, complicate transactions, or tighten credit in some markets.

1. senate
3. house
5. president

The bill lets farmland sellers defer and preserve sale proceeds by rolling gains into IRAs to support farm continuity and retirement savings, at the cost of potential 10‑year recapture liability, reduced transactional flexibility, and increased audit/administrative exposure.

1. senate
3. house
5. president

The bill expands employer tax credits, tax‑free employer care benefits, and a refundable dependent care credit to lower childcare costs and expand access, but it reduces federal revenue, creates administrative burdens, and may favor those with employer plans or married filers over some low‑income and nontraditional households.

1. senate
3. house
5. president

The bill shields long-term noncorporate owners from taxation on inflation-driven gains—lowering tax bills for many individuals and small businesses—but does so at the cost of greater complexity, uneven treatment (excluding corporations), potential enforcement disputes, and reduced federal revenue.

1. senate
3. house
5. president

The bill simplifies AMT rules and substantially reduces corporate AMT burdens—improving predictability and corporate cash flow—while risking lower federal revenue and shifting some tax benefits toward C corporations, which could raise taxes for some non‑corporate taxpayers and disadvantage certain small pass‑through businesses.

1. senate
3. house
5. president

The bill seeks to push surplus single-family homes into the market and curb deduction-based tax sheltering, potentially increasing housing supply and tax fairness, but it also raises taxes on affected homeowners, creates new liability and administrative burdens, and risks disputes over who is liable.

1. senate
3. house
5. president

The bill makes employer student‑loan repayments permanently tax‑free, boosting take‑home pay and giving employers certainty for offering the benefit, at the cost of some federal revenue, potential fairness gaps for workers without employer programs, and modest compliance burdens for employers.

1. senate
3. house
5. president

The bill raises benefits and expands protections for many low‑ and middle‑income beneficiaries while strengthening revenue by taxing higher wages, but it does so at the cost of higher near‑ and long‑term federal spending, increased taxes for many workers and businesses, and significant administrative and implementation complexity.

1. senate
3. house
5. president

The bill strengthens tax incentives and liquidity for startup founders and investors by expanding and accelerating QSBS exclusions and clarifying eligibility, but it reduces federal revenue, increases compliance and administrative complexity, and concentrates benefits toward higher-income investors.

1. senate
3. house
5. president

The bill gives small businesses and taxpayers more time and protection for S elections, late revocations, electronic filings, and estimated payments—reducing penalties and short-term cash stress—while increasing administrative complexity and slightly shifting or delaying government cash flow and processing burdens.

1. senate
3. house
5. president

The bill increases after-tax funding available for federal broadband grants and clarifies coverage across programs (including retroactive relief), but it reduces some other tax benefits for recipients, can raise future taxable gains on assets, and adds administrative and compliance complexity pending regulatory guidance.

1. senate
3. house
5. president

The bill gives members of health care sharing ministries tax parity and legal clarity by allowing their payments to be deducted as medical expenses, but it risks encouraging reliance on nonregulated ministries (reducing consumer protections), will cost the Treasury revenue, and will provide limited benefit to many because of itemizing thresholds.

1. senate
3. house
5. president

The bill expands and clarifies access for religious workers to opt into Social Security and improves outreach and administrative rules, but it also creates irreversible tax choices, risks substantial retroactive tax bills, and increases administrative and long‑term program costs.

1. senate
3. house
5. president

The bill increases tax-advantaged saving opportunities and flexibility for people with disabilities and expands short-term savers' credit eligibility for low- and moderate-income Americans, at the cost of some permanent federal revenue loss and added administrative/plan complexity — with some credit expansions only temporary through 2026/2027.

1. senate
3. house
5. president

The bill expands tax-free lifetime and death transfers and simplifies estate filing for many, but does so at the cost of substantial federal revenue, increased wealth concentration, and new liabilities and compliance burdens for certain donors and estates.

1. senate
3. house
5. president

The bill makes business interest-related deductions permanent, giving firms lower tax bills and greater planning certainty, but it reduces federal revenue and disproportionately benefits capital‑intensive or highly‑levered businesses.

1. senate
3. house
5. president

The bill simplifies the tax code and reduces IRS compliance burdens by eliminating several clean‑vehicle and charger credits, but it does so by removing subsidies that lower consumer and business costs, likely reducing EV adoption, slowing charging infrastructure buildout, and shifting costs to buyers, businesses, and state/local governments.

1. senate
3. house
5. president

The bill provides targeted tax relief and clearer rules for fire-related property and livestock losses—helping affected homeowners and farmers manage immediate tax burdens—while reducing near-term federal revenue and adding compliance and administrative complexity.

1. senate
3. house
5. president

The bill increases take-home recovery for people who win consumer-protection claims by allowing above-the-line deduction of legal fees, but it reduces federal tax revenue and may prompt administrative disputes over eligibility.

1. senate
3. house
5. president

The bill boosts retirees' after-tax income by exempting Social Security (and Railroad Retirement) from taxable income and backfilling transfers, but it increases federal outlays—raising deficit and program-funding risks and complicating tax-and-benefit administration.

1. senate
3. house
5. president

This bill tightens tax treatment of investment‑service partnership income—raising taxes and payroll liabilities for many investment managers and imposing significant compliance costs—while aiming to improve valuation clarity, enforcement tools, and Social Security coverage for service providers.

1. senate
3. house
5. president

The bill encourages sales of lands to REPI participants to advance conservation and protect military installations by granting a capital gains exclusion that benefits sellers and readiness, but it reduces federal revenue and introduces transactional complexity and potential family-related tax-avoidance risks.

1. senate
3. house
5. president

The bill broadens and stabilizes tax incentives to accelerate renewable deployment and expand financing options (benefiting homeowners, developers, and communities) but does so at the cost of higher federal revenue loss, potential investor capture of credits, planning uncertainty for project developers, and possible regional inequities.

1. senate
3. house
5. president

The bill reduces tax and reporting burdens for casual, small‑scale virtual‑currency holders and clarifies what qualifies as virtual currency, but it risks tax surprises for those with aggregated or cash‑conversion transactions and adds administrative complexity because the exclusion is narrow and set at a low $200 threshold.

1. senate
3. house
5. president

The bill preserves favorable capital-gains treatment for most taxpayers and offers targeted relief for family farms/businesses while raising taxes and tightening rules for very-high-income filers, but it also shifts many transfers into current taxation, creating liquidity, compliance, and administrative burdens and producing mixed revenue effects.

1. senate
3. house
5. president