Referred to the House Committee on Ways and Means.
The bill repeals Chapter 37 of the Internal Revenue Code, eliminating the federal excise tax on corporate stock repurchases. The repeal would apply to taxable years beginning after December 31, 2024, and removes the chapter's entry from the subtitle D table of chapters.
Progressives emphasize revenue loss and buyback incentives.
Relative to its intended legislative type, this bill is a concise, narrowly targeted substantive change that clearly identifies the statutory language to be repealed and an effective date.
The bill repeals Chapter 37 of the Internal Revenue Code, eliminating the federal excise tax on corporate stock repurchases.
The repeal would apply to taxable years beginning after December 31, 2024, and removes the chapter's entry from the subtitle D table of chapters.
Simple, narrow repeal improves prospects in lower chamber but fiscal impact and partisan alignment make final enactment uncertain without offsets or broad bipartisan support.
Relative to its intended legislative type, this bill is a concise, narrowly targeted substantive change that clearly identifies the statutory language to be repealed and an effective date. It is mechanically precise but thin on fiscal, transitional, and oversight details.
Progressives emphasize revenue loss and buyback incentives.
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize revenue loss and buyback incentives.
Likely to view the bill as a corporate tax cut that primarily benefits shareholders and wealthy investors.
Skeptical that the repeal will help workers or broadly strengthen retirement security; concerned about lost revenue and increased buyback incentives.
Views the bill pragmatically: repeal simplifies tax rules and may benefit market efficiency, but raises fiscal and distributional questions.
Would seek data, budget offsets, or guardrails before full endorsement.
Sees the bill as pro-growth, removing an unnecessary tax that interferes with capital allocation.
Likely to support repeal as a pro-business, deregulatory measure that benefits investors and markets.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Simple, narrow repeal improves prospects in lower chamber but fiscal impact and partisan alignment make final enactment uncertain without offsets or broad bipartisan support.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize revenue loss and buyback incentives.
Simple, narrow repeal improves prospects in lower chamber but fiscal impact and partisan alignment make final enactment uncertain without o…
Relative to its intended legislative type, this bill is a concise, narrowly targeted substantive change that clearly identifies the statutory language to be repealed and an effective date. It is mechanically precise but…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.