To provide for an emergency increase in Federal funding to State Medicaid programs for expenditures on home and community-based services.

House Bill

H.R. 4029

119th Congress

To provide for an emergency increase in Federal funding to State Medicaid programs for expenditures on home and community-based services.

In Committee

Introduced:Oct 3, 2025

Primary Sponsor

David P. Joyce

Representative

Republican

OH-14

Cosponsors

7

Quick Stats

Policy Area

Taxation

Summary

This bill would allow taxpayers to claim a tax credit for any taxes paid to certain countries in North, Central, or South America. This could make it easier for businesses and individuals to reduce their tax burden by deducting foreign taxes.

Latest Action

Referred to the House Committee on Ways and Means.

SponsorDavid P. Joyce (R-OH)

Introduced10/3/2025

StatusReferred to the House Committee on Energy and Commerce.

ChamberHouse

Data from Congress.gov

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Vote Prediction

To provide for an emergency increase in Federal funding to State Medicaid programs for expenditures on home and community-based services.

This bill would allow taxpayers to claim a tax credit for any taxes paid to certain countries in North, Central, or South America. This could make it easier for businesses and individuals to reduce their tax burden by deducting foreign taxes.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would allow taxpayers to claim a tax credit for any taxes paid to certain countries in North, Central, or South America. This could make it easier for businesses and individuals to reduce their tax burden by deducting foreign taxes.

Bill Number: 4029
Sponsor: David P. Joyce (R-OH)
Introduced: 10/3/2025
Status: Referred to the House Committee on Energy and Commerce.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: To provide for an emergency increase in Federal funding to State Medicaid programs for expenditures on home and community-based services.
Bill Number: 4029
Sponsor: David P. Joyce (R-OH)
Status: Referred to the House Committee on Energy and Commerce.
Introduced: 10/3/2025
Summary: This bill would allow taxpayers to claim a tax credit for any taxes paid to certain countries in North, Central, or South America. This could make it easier for businesses and individuals to reduce their tax burden by deducting foreign taxes.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would allow taxpayers to claim a tax credit for any taxes paid to certain countries in North, Central, or South America. This could make it easier for businesses and individuals to reduce their tax burden by deducting foreign taxes.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Supply Chain Security Act This bill allows a taxpayer to make an election, without regard to specified Treasury regulations, for purposes of determining whether any Western Hemisphere tax is an income, war profits, or excess profits tax. A Western Hemisphere tax is any tax paid to any U.S. possession or any foreign country (other than Cuba or Venezuela) that is located in North, Central, or South America (including the West Indies).

Key Points

Main provisions of the bill

Allows a tax deduction for 'Western Hemisphere taxes' paid to certain countries in North, Central, or South America
Removes restrictions on when this tax deduction can be claimed, making it more accessible
Could reduce the tax burden for businesses and individuals who pay taxes to eligible countries

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would primarily benefit businesses and individuals who pay taxes to countries in the Western Hemisphere, as it would give them more flexibility to deduct those taxes from their U.S. tax liability. This could help reduce costs for companies that operate in the Americas and provide a tax break for Americans living or working abroad in eligible countries.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4029, 119th Congress (2025). "To provide for an emergency increase in Federal funding to State Medicaid programs for expenditures on home and community-based services.". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4029