H. R. 2655 aims to amend the Internal Revenue Code of 1986 by removing the Federal income tax applied to unemployment compensation. Specifically, starting from taxable years beginning after December 31, 2024, Section 85 would no longer require the inclusion of unemployment...
Simple Explanation
H. R. 2655 wants to change a rule so that people who get money because they're not working (unemployment benefits) don't have to give any of it to the government in taxes starting in 2025. This means they get to keep more of the money given to help them when they don't have a job.