The R&P Report
Review
Tax Cut - 20% pass-through deduction
This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025) Qualified business income is defined as the net amount of qualified items of income, gain, deduction and loss with respect to any trade or business, excluding capital gains or losses, dividends, interest income, or income earned outside the U.S.
Birthright citizenship
The Birthright Citizenship Act ensures that automatic citizenship is granted only to children born in the United States with at least one parent or a citizen or national, or a lawful permanent resident or immigrant in the United States.
Term limits
Several measures have already been introduced in the new Congress proposing an amendment to the Constitution of the United States to limit the number of consecutive terms that a Member of Congress may serve. No person shall serve as a Representative for more than six two-year terms, or a Senator for more than two six-year terms.
Educational choice
Congress has reintroduced the Educational Choice for Children Act, bicameral legislation to expand education freedom and opportunity for students. Specifically, it provides a charitable donation incentive for individuals and businesses to fund scholarship awards for students to cover expenses related to K-12 public and private education.
Preview
Energy
Congress will look to attaching legislation addressing energy costs to a massive GOP Budget Reconciliation measure. This legislation focuses on two main priorities: increasing the production and export of American energy and reducing the regulatory burdens that make it harder to build American infrastructure and grow our economy.
Defund Planned Parenthood
The Defund Planned Parenthood Act prohibits the organization from accessing any federal mandatory or discretionary funds. In order to maintain their federal funding, the organizations must certify that they will not perform or support entities that perform abortions, with exceptions for rape, incest, and to protect the life of the mother.
Concealed Carry Reciprocity Act
The Concealed Carry Reciprocity Act which allows people with a state-issued concealed carry license or permit to conceal a handgun in any other state that allows concealed carry, as long as the permit holder follows the laws of that state. It also allows residents of Constitutional carry states the ability to carry in other states that recognize their own residents’ right to concealed carry.
Voter ID & Election Integrity
The SAVE Act would amend the National Voter Registration Act to require states to obtain documentary proof of U.S. citizenship and identity in person when registering individuals to vote in Federal elections.
