Search Results: keywords:"tax repeal"

  • H. R. 7084 — To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of social security benefits, and for other purposes.
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    Status:Introduced in House
    Words:3,821

    H.R. 7084, also known as the "You Earned It, You Keep It Act," aims to change how Social Security benefits are taxed and calculated. The bill proposes repealing the tax on Social Security benefits and adjusting how wages and self-employment income above certain limits are considered for...

    Simple Explanation

    H.R. 7084 is a law proposal that wants to stop taxes on money from Social Security and change some rules, so people get to keep more of their money when they earn a lot. It also tries to make sure people on special programs like Medicaid and SSI don't get hurt by these changes.

  • S. 4344 — To amend the Internal Revenue Code of 1986 to repeal the firearm transfer tax, and for other purposes.
    Status:Introduced in Senate
    Words:526

    S. 4344 aims to amend the Internal Revenue Code of 1986 by eliminating the firearm transfer tax. This bill, known as the "Repealing Illegal Freedom and Liberty Excises Act" or the "RIFLE Act," also includes conforming amendments to ensure the repeal is reflected in other...

    Simple Explanation

    This bill wants to stop charging a special tax that people have to pay when they buy or transfer a gun. It also makes sure that this change won't mean that another group, who checks if products are safe, will start checking guns too.