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July 18, 2025
More Rescissions Coming, Presidential Health Update, Nominations To The Senate, Some VA Employees Moved To New Schedule G, Regulatory Relief For Manufacturers And More
On July 17, 2025 Congress passed H.R. 4 Recissions Act of 2025in a vote of 216:213 in the House and 51:48 in the Senate. Now it's on its way to President Trump for signature to make it law. The following recissions were made in this bill:
(1) International OrganizationsContributions to International Organizations- $33,008,764
(2) International OrganizationsContributions to International Organizations - $168,837,230
(3) International OrganizationsContributions for International Peacekeeping Activities - $203,328,007
(4) International OrganizationsContributions for International Peacekeeping Activities - $157,906,000
(5) Bilateral Economic AssistanceFunds Appropriated to the PresidentGlobal Health Programs - $500,000,000 Provided, That none of the amounts rescinded under this paragraph shall be from the unobligated balances for the following programs: HIV/AIDS, Tuberculosis, Malaria, Nutrition, or Maternal and Child Health: Provided further, That the preceding proviso does not apply to family planning and reproductive health programs.
(6) Department of StateMigration and Refugee Assistance - $800,000,000
(7) Bilateral Economic AssistanceFunds Appropriated to the PresidentComplex Crises Fund - $43,000,000
(8) Bilateral Economic AssistanceFunds Appropriated to the PresidentDemocracy Fund- $83,000,000
(9) Bilateral Economic AssistanceFunds Appropriated to the PresidentEconomic Support Fund - $1,650,000,000 Provided, That none of the funds rescinded under this paragraph shall be from the unobligated balances for assistance to Jordan, Egypt, or the Countering PRC Influence Fund.
(10) Multilateral AssistanceInternational Financial InstitutionsContribution to the Clean Technology Fund - $125,000,000
(11) Multilateral AssistanceFunds Appropriated to the PresidentInternational Organizations and Programs - $436,920,000
(12) Bilateral Economic AssistanceFunds Appropriated to the PresidentDevelopment Assistance - $2,500,000,000 Provided, That none of the funds rescinded under this paragraph shall be from the unobligated balances for Feed the Future Innovation Labs or the Countering PRC Influence Fund: Provided further, That none of the funds rescinded under this paragraph shall affect the administration of United States commodity-based food aid, including the Food for Peace program and the McGovern-Dole International Food for Education and Child Nutrition Program.
(13) Bilateral Economic AssistanceFunds Appropriated to the PresidentAssistance for Europe, Eurasia and Central Asia - $460,000,000
(14) Bilateral Economic AssistanceFunds Appropriated to the PresidentInternational Disaster Assistance - $496,000,000 Provided, That none of the funds rescinded shall affect the administration of United States commodity-based food aid, including the Food for Peace program and the McGovern-Dole International Food for Education and Child Nutrition Program.
(15) United States Agency for International DevelopmentFunds Appropriated to the PresidentOperating Expenses - $125,000,000
(16) Bilateral Economic AssistanceFunds Appropriated to the PresidentTransition Initiatives - $57,000,000
(17) Bilateral Economic AssistanceIndependent AgenciesInter-American Foundation - $27,000,000
(18) Bilateral Economic AssistanceIndependent AgenciesUnited States African Development Foundation - $22,000,000
(19)Related ProgramsUnited States Institute of Peace - $15,000,000
(20) Amounts are rescinded for: (A) "Corporation for Public Broadcasting for fiscal year 2026 by Public Law 11847 (B) "Corporation for Public Broadcasting for fiscal year 2027 by Public Law 1194
There is yet another rescissions package currently in process.
Jeffrey Anderson, of Georgia, to be Representative of the United States of America on the Council of the International Civil Aviation Organization, with the rank of Ambassador.
Julie Callahan, of the District of Columbia, to be Chief Agricultural Negotiator, Office of the United States Trade Representative, with the rank of Ambassador, vice Douglas J. McKalip, resigned.
Jerome Francis Gorgon Jr., of Michigan, to be United States Attorney for the Eastern District of Michigan for the term of four years, vice Dawn N. Ison.
Arthur Graham, of Florida, to be a Member of the Board of Directors of the Tennessee Valley Authority for the remainder of the term expiring May 18, 2026, vice L. Michelle Moore.
Paul Hollis, of Louisiana, to be Director of the Mint for a term of five years, vice Ventris C. Gibson.
Ryan Anthony Kriegshauser, of Kansas, to be United States Attorney for the District of Kansas for the term of four years, vice Kate E. Brubacher.
David LaCerte, of Louisiana, to be a Member of the Federal Energy Regulatory Commission for the remainder of the term expiring June 30, 2026, vice Willie L. Phillips, Jr., resigned.
Todd Lindsey, of Idaho, to be Chief Financial Officer, Department of Agriculture, vice Jon M. Holladay.
Scott Mayer, of Pennsylvania, to be a Member of the National Labor Relations Board for the term of five years expiring December 16, 2029, vice Lauren McGarity McFerran, term expired.
James Murphy, of Maryland, to be a Member of the National Labor Relations Board for the term of five years expiring December 16, 2027, vice John F. Ring, term expired.
Dan Negrea, of Connecticut, to be Representative of the United States of America on the Economic and Social Council of the United Nations, with the rank of Ambassador, and to serve concurrently and without additional compensation as an Alternate Representative of the United States of America to the Sessions of the General Assembly of the United Nations.
John Walk, of Virginia, to be Inspector General, Department of Agriculture, vice Phyllis K. Fong.
The Congress has recognized that effective Government administration requires excepting some positions from the competitive service based on their confidential, policy-determining, policy-making, or policy-advocating character. Existing excepted service schedules make partial use of this authority. Schedule C of the excepted service authorizes appointments to noncareer excepted service positions of a confidential or policy-determining character. Schedule Policy/Career of the excepted service authorizes appointments to career positions of a confidential, policy-determining, policy-making, or policy-advocating character.There is, however, no excepted service schedule for noncareer positions of a policy-making or policy-advocating character. Pursuant to 5 U.S.C. 3302(1), conditions of good administration, including eliminating this gap in excepted service schedules and improving the operations of the Department of Veterans Affairs, make necessary creating a new Schedule G in the excepted service for noncareer positions of a policy-making or policy-advocating character.
This EO amends Civil Service Rule VI 5 CFR 6.2 as follows: OPM shall list positions that it excepts from the competitive service in Schedules A, B, C, D, E, Policy/Career, and G, which schedules shall constitute parts of this rule, as follows:
Schedule A. Positions other than those of a confidential or policy-determining character for which it is not practicable to examine shall be listed in Schedule A.
Schedule B. Positions other than those of a confidential or policy-determining character for which it is not practicable to hold a competitive examination shall be listed in Schedule B. Appointments to these positions shall be subject to such noncompetitive examination as may be prescribed by OPM.
Schedule C. Positions of a confidential or policy-determining character normally subject to change as a result of a Presidential transition shall be listed in Schedule C.
Schedule D. Positions other than those of a confidential or policy-determining character for which the competitive service requirements make impracticable the adequate recruitment of sufficient numbers of students attending qualifying educational institutions or individuals who have recently completed qualifying educational programs. These positions, which are temporarily placed in the excepted service to enable more effective recruitment from all segments of society by using means of recruiting and assessing candidates that diverge from the rules generally applicable to the competitive service, shall be listed in Schedule D.
Schedule E. Positions of administrative law judge appointed under 5 U.S.C. 3105 shall be listed in Schedule E. Conditions of good administration warrant that the position of administrative law judge be placed in the excepted service and that appointment to this position not be subject to the requirements of 5 CFR, part 302, including examination and rating requirements, though each agency shall follow the principle of veteran preference as far as administratively feasible.
Schedule Policy/Career. Career positions of a confidential, policy-determining, policy-making, or policy-advocating character not normally subject to change as a result of a Presidential transition shall be listed in Schedule Policy/Career. In appointing an individual to a position in Schedule Policy/Career, each agency shall follow the principle of veteran preference as far as administratively feasible.
Schedule G. Positions of a policy-making or policy-advocating character normally subject to change as a result of a Presidential transition shall be listed in Schedule G.
In addition, 5 CFR 6.4 is amended to read:
Except as required by statute, the Civil Service Rules and Regulations shall not apply to removals from positions listed in Schedules A, C, D, E, Policy/Career, or G, or from positions excepted from the competitive service by statute. The Civil Service Rules and Regulations shall apply to removals from positions listed in Schedule B of persons who have competitive status.
The accompanying Fact Sheet further explains that this EO identifies Civil Service employees whose job allows them to create policy or advocate for policies and provides them the new label "Schedule G" while also removing them from the "union's arbitrated agreement' making them truly "at will" employees. Employees on Schedule G will be required to follow and implement the Trump Administration's policies regardless of their own political leanings. If they do not, the Trump Administration has the right to un-employ them without having to follow the Civil Service Arbitrated Agreement. This is yet another way to eliminate deep state operatives who have been pushing rules and regulations to make our lives difficult (in this case at the VA).
Finally, the White House published 4 Presidential Proclamations to grant regulatory relief from the EPA to promote security & energy production:
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by the authority vested in me by the Constitution and the laws of the United States, including section 112(i)(4) of the Clean Air Act, 42 U.S.C. 7412(i)(4), do hereby proclaim that certain stationary sources subject to the Taconite Rule, as identified in Annex I of this proclamation, are exempt from compliance with the Taconite Rule for a period of 2 years beyond the Taconite Rules relevant compliance dates (Exemption).The technology to implement the Taconite Rule is not currently available, and it is necessary to issue this Exemption now because long design, permitting, and construction lead times mean that regulated entities will not be able to meet the relevant compliance deadlines absent compliance relief. This Exemption applies to all compliance deadlines established under the Taconite Rule, with each such deadline extended by 2 years from the date originally required for such deadline.The effect of this Exemption is that, during each such 2-year period, these stationary sources are subject to the emissions and compliance obligations that they are currently subject to under the applicable standard as that standard existed prior to the Taconite Rule. In support of this Exemption, I hereby make the following determinations:
a. The technology to implement the Taconite Rule is not available. Such technology does not exist in a commercially viable form sufficient to allow implementation of and compliance with the Taconite Rule by the compliance dates in the Taconite Rule.
b. It is in the national security interests of the United States to issue this Exemption for the reasons stated in paragraphs 1 and 3 of this proclamation.
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by the authority vested in me by the Constitution and the laws of the United States, including section 112(i)(4) of the Clean Air Act, 42 U.S.C. 7412(i)(4), do hereby proclaim that certain stationary sources subject to the HON Rule, as identified in Annex I of this proclamation, are exempt from compliance with those aspects of the HON Rule that were promulgated under section 112 of the Clean Air Act, 42 U.S.C. 7412 for a period of 2 years beyond the HON Rules relevant compliance dates (Exemption). This Exemption applies to all compliance deadlines established under the HON Rule applicable to the stationary sources listed in Annex I, with each such deadline extended by 2 years from the date originally required for such deadline. The effect of this Exemption is that, during each such 2-year period, these stationary sources will be subject to the emissions and compliance obligations that they are currently subject tounder the applicable standard as that standard existed prior to the HON Rule. In support of this Exemption, I hereby make the following determinations:
a. The technology to implement the HON Rule is not available. Such technology does not exist in a commercially viable form sufficient to allow implementation of and compliance with the HON Rule by the compliance dates in the HON Rule.
b. It is in the national security interests of the United States to issue this Exemption for the reasons stated in paragraphs 1 and 3 of this proclamation.
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by the authority vested in me by the Constitution and the laws of the United States, including section 112(i)(4) of the Clean Air Act, 42 U.S.C. 7412(i)(4), do hereby proclaim that certain stationary sources subject to the Rule, as identified in Annex I of this proclamation, are exempt from compliance with the Rule for a period of 2 years beyond the Rules compliance date i.e., for the period beginning July 8, 2027, and concluding July 8, 2029 (Exemption). The effect of this Exemption is that, during this 2-year period, these stationary sources are subject to the compliance obligations that they are currently subject to under the MATS as the MATS existed prior to the Rule. In support of this Exemption, I hereby make the following determinations:
a. The technology to implement the Rule is not available. Such technology does not exist in a commercially viable form sufficient to allow implementation of and compliance with the Rule by its compliance date of July 8, 2027.
b. It is in the national security interests of the United States to issue this Exemption for the reasons stated in paragraphs 1 and 3 of this proclamation.
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by the authority vested in me by the Constitution and the laws of the United States, including section 112(i)(4) of the Clean Air Act, 42 U.S.C. 7412(i)(4), do hereby proclaim that certain stationary sources subject to the EtO Rule, as identified in Annex I of this proclamation, are exempt from compliance with the EtO Rule for a period of 2 years beyond the EtO Rules relevant compliance dates (Exemption). This Exemption applies to all compliance deadlines established under the EtO Rule applicable to the stationary sources listed in Annex I, with each such deadline extended by 2 years from the date originally required for such deadline. The effect of this Exemption is that, during each such 2-year period, these stationary sources will remain subject to the emissions and compliance obligations in effect prior to the issuance of the EtO Rule. In support of this Exemption, I hereby make the following determinations:
The technology to implement the EtO Rule is not available. Such technology does not exist in a commercially viable form sufficient to allow implementation of and compliance with the EtO Rule by the compliance dates set forth in the EtO Rule.
It is in the national security interests of the United States to issue this Exemption for the reasons stated in paragraphs 1 and 3 of this proclamation.
The accompanying Fact Sheet reminds us that the EPA still hasn't gotten on board with the President's EOs, Memoranda, and other notices telling all agencies, departments, etc., within the Executive Branch to reduce regulations and to eliminate "green" and DEI. So, the President has to again create more paperwork to identify exactly what needs to happen so these companies can move on with meeting the energy and security needs of our country. However, the President does want to balance the environmental standards with American prosperity where ever possible using a pragmatic approach. He wants regulations to support America's economic strength and national security. Congress has repealed much of the "green" imposed by the Autopen Administration through the OBBB, but obviously there is still a ways to go. Especially since the EPA has not washed itself of the "green goo" clogging up the works.
13 SCOTUS stays or motions to vacate of lower court orders
1 SCOTUS affirmation of lower court order
19 suits where judges granted summary judgement or a permanent injunction
3 suits where judges ruled for the federal government
A new lawsuit was filed July 16 2025: American Oversight v. Department of Education docket 1:25-cv-02262 in District Court, District of Columbia. The lawsuit seeksto identify names and titles of people serving as DOGE team employeeswithin 20 Federal agencies, including: Education, DHS, GSA, OMB, and OPM. Count I Violation of FOIA, 5 USC 522 Failure to Conduct Adequate Searches for Responsible Records. Count II Violation of FOIA 5 USC 522 Wrongful Withholding of Non-Exempt Responsive Records. I can see it now, lawsuits will hit individual DOGE employees as soon as they can be identified. I sure hope this goes to SCOTUS and that SCOTUS sees what the activist lawyers are trying to do: make individual employees targets!
Another new lawsuit was filed July 16, 2025: Washington v. FEMA docket 1:25-cv-12006 in District Court D, Massachusetts. Is actually filed on behalf of theCommonwealth of Massachusetts, Josh Shapiro, State of Arizona, State of California, State of Colorado, State of Connecticut, State of Delaware, State of Illinois, State of Maine, State of Maryland, State of Michigan, State of Minnesota, State of New Jersey, State of New York, State of North Carolina, State of Oregon, State of Rhode Island, State of Vermont, State of Washington, and State of Wisconsin. Again, all democrat-led states complaining that Federal money has been withdrawn from the states. The lawsuit seeks those funds to be returned. They list various projects within their states that are adversely impacted by the cessation of these funds. Count I Violation of Separation of Powers (Termination of BRIC Program - Substantially Reducing Mitigation Functions) stating BRIC was authorized by Congress and funded separately by Congress, so Executive Branch agencies cannot stop the funding without Congressional approval which the suit claims the Executive Branch currently does not have. Count II Administrative Procedure Act Agency Action Contrary to Law, 5 U.S.C. 706(2)(A)-(C) (termination of BRIC Program - Substantially Reducing Mitigation Functions). Count III Violation of the Separation of Powers (Repurposing BRIC Funds) is claiming Congress "intended" [NOT saying Congress "enacted, delegated, proscribed, etc."]. Count IV Administrative Procedure ActAgency Action Contrary to Law, 5 U.S.C. 706(2)(A)(C)(Repurposing BRIC Funds). Count V Violation of the Separation of Powers, Appropriations Clause, Spending Clause (Withholding Appropriated Funds) aka they withheld Federal dollars and we want it back! Count VIAdministrative Procedure Act Agency Action Contrary to Law, 5 U.S.C. 706(2)(A)(C)(Withholding Appropriated Funds) [Why couldn't they put all of these under the same count? Silly question . . . it makes the lawsuit look more involved and adds to the page count.]. Count VIIViolation of the Appointments Clause (Termination of BRIC Program No Authority to Act as Administrator) claims the FEMA administrator should be a position that has to be confirmed by Congress. [I thought the Secretary was in charge of FEMA and that person is confirmed by Congress - the administrator for the program is chosen by the Secretary?] Count VIIIAdministrative Procedure Act Agency Action Contrary to Law, 5 U.S.C. 706(2)(A)(C)(Termination of BRIC Program No Authority to Act as Administrator) [SCOTUS will have do make the decision as to whether or not the Secretary has the authority.] This one will definitely go to SCOTUS.
On July 15, 2025 a partial summary judgement for the plaintiffs was granted for the lawsuit Haitian Evangelical Clergy Association v. Trumpdocket 1:25-cv-01464 filed in District Court E. D. New York on March 14, 2025. The partial summary was filed on March 24, 2025 to reflect the change: claim that the Secretary of Homeland Securitys February 24, 2025, partial vacatur of Haitis Temporary Protected Status designation under 8 U.S.C. 1254a is in excess of statutory authority and must therefore be held unlawful and set aside under 5 U.S.C. 706(2). I guess this means the Haitians still have TPS status?
Sec. 70401. Enhancement of employer-provided child care credit strikes 25% and inserts 40% (50% in the case of an eligible small business). Increases the maximum to $500,000 ($600,000in the case of an eligible small business). Effective after December 31, 2025.
Sec. 70402. Enhancement of adoption credit adding (4) Portion of credit refundable - So much of the credit allowed under paragraph (1) as does not exceed $5,000 shall be treated as a credit allowed under subpart C and not as a credit allowed under this subpart. Effective after December 31, 2025.
Sec. 70403. Recognizing Indian tribal governments for purposes of determining whether a child has special needs for purposes of the adoption credit adds "or Indian tribal government" effective after December 31, 2024.
Sec. 70404. Enhancement of the dependent care assistance program strikes $5,000 ($2,500) and inserts $7,500 ($3,750) effective December 31, 2025.
Sec. 70405. Enhancement of child and dependent care tax credit amends Paragraph (2) of section 221(a) to read: (2) Applicable percentage defined - for purposes of paragraph (1) the term 'applicable percentage' means 50% (A) reduced (but not below 35%) by 1 percentage point for each $2,000 or fraction thereof by which the taxpayer's adjusted gross income for the taxable year exceeds $15,000 and (B) further reduced (but not below 20 percent) by 1 percentage point for each $2,000 ($4,000 in the case of a joint return) or fraction thereof by which the taxpayer's adjusted gross income for the taxable year exceeds $75,000 ($150,000 in the case of a joint return). Effective after December 31, 2025.
Sec. 70411. Tax credit of up to $1,700 for contributions of individuals to scholarship granting organizations adds the new Section 25F Qualified Elementary and Secondary Education Scholarships specifically for US Citizens whose income does not exceed 300% of the median gross income and is eligible to enroll in a public elementary or secondary school. It also adds a new Section 139K Scholarships for Qualified Elementary or Secondary Education Expenses of Eligible Students which now states that in the case of an individual, gross income shall not include any amounts provided to such individual or any dependent of such individual pursuant to a scholarship for qualified elementary or secondary education expenses of an eligible student which is provided by a scholarship granting organization. These provisions apply to taxable years after December 31, 2026.
Sec. 70412. Exclusion for employer payments of student loans. In taxable years beginning after 2026, both of the $5,250 amounts in subsection (a)(2) shall each be increased by an amount equal to (A) such dollar amount, multiplied by (B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting 'calendar year 2025' for '2016' in subparagraph (A)(ii) thereof. (2) Rounding - If any increase under paragraph (1) is not a multiple of $50, such increase shall be rounded to the nearest multiple of $50. Effective after December 31, 2025.
Sec. 70413. Additional expenses treated as qualified higher education expenses for purposes of 529 accounts. Expands this section to "elementary and secondary tuition" to include (A) Tuition, (B) Curriculum and curricular materials, (C) Books or other instructional materials, (D) Online educational materials, (E) tuition for tutoring or educational classes outside the home (with restrictions), (F) Fees for nationally standardized norm-referenced achievement test, an advanced placement examination, or any examinations related to college or university admission, (G) Fees for dual enrollment, (H) Educational therapies for students with disabilities. Effective after July 4, 2025. An increase in limitation to $20,000 is effective after December 31, 2025.
Sec. 70414. Certain postsecondary credentialing expenses treated as qualified higher education expenses for purposes of 529 accounts. Effective after July 4, 2025.
Sec. 70415. Modification of excise tax on investment income of certain private colleges and universities. Changes the annual percentage applied to applicable educational institutions to (1) 1.4% when endowments are between $500,000 and $750,000 (2) 4% when endowments are between $750,000 and $2,000,000 and (3) 8% when endowments exceed $2,000,000. Applicable educational institutions are those that (1) had at least 3,000 tuition-paying students in the preceding taxable year (2) more than 50% of the tuition-paying students are located in the US (3) the student adjusted endowment of which is at least $500,000, and (4) which is not described in the first sentence of section 511(a)(2)(B) (relating to State colleges and universities). This provision is effective after December 31, 2025.
Sec. 70416. Expanding application of tax on excess compensation within tax-exempt organizations. Effective after December 31, 2025.
Sec. 70421. Permanent renewal and enhancement of opportunity zones. Effective July 4, 2025.
Sec. 70422. Permanent enhancement of low-income housing tax credit. Changes 1.125% to 1.12%. Effective after December 31, 2025.
Sec. 70423. Permanent extension of new markets tax credit. Effective after December 31, 2025.
Sec. 70424. Permanent and expanded reinstatement of partial deduction for charitable contributions of individuals who do not elect to itemize. Changes from $300 to $1000 effective after December 31, 2025.
Sec. 70425. 0.5 percent floor on deduction of contributions made by individuals. Effective after December 31, 2025.
Sec. 70426. 1-percent floor on deduction of charitable contributions made by corporations. Effective after December 31, 2025.
Sec. 70427. Permanent increase of $13.25 in limitation on cover over of tax on distilled spirits brought into the US. Effective after December 31, 2025.
Sec. 70428. Nonprofit community development activities in remote native villages. In regards to fisheries in the Bering Sea and Aleutian Islands. Effective July 4, 2025 and remains in effect during the existence of the Western Alaska community development quota program established by Section 305(i)(1) of the Magnuson-Stevens Fishery Conservation and Management Act (16 USC 1855(i)(1)) as amended.
Sec. 70429. Adjustment of charitable deduction for certain expenses incurred in support of Native Alaskan subsistence whaling. Increases the deduction to $50,000 effective after December 31, 2025.
Sec. 70430. Exception to percentage of completion method of accounting for certain residential construction contracts. Expands contract time to 3 years effective as of July 4, 2025.
SUBCHAPTER D PERMANENT INVESTMENTS IN SMALL BUSINESS AND RURAL AMERICA
Sec. 70431. Expansion of qualified small business stock gain exclusion. If you hold the stock for up to 3 years, the applicable percentage is 50%. If you hold the stock for more than 3 years but less than 4 years, the applicable percentage is 75%. If you hold the stock for 5 or more years, the applicable percentage is 100%. This section goes on to detail amounts for increases. Effective July 4, 2025.
Sec. 70432. Repeal of revision to de minimis rules for third party network transactions. Third-parties are required to report if $20,000 is exceeded or over 200 transactions are made in accordance with this section. Provisions in this section are effective after December 31, 2024.
Sec. 70433. Increase in threshold for requiring information reporting with respect to certain payees. Increases the reporting threshold from $600 back to $2,000 with built-in inflation adjustments. Effective December 31, 2025.
Sec. 70434. Treatment of certain qualified sound recording productions. Applies to qualified film or television production, any qualified live theatrical production, and any qualified sound recording production not to exceed $150,000. Effective as of July 4, 2025.
Sec. 70435. Exclusion of interest on loans secured by rural or agricultural real property. Inserts a new Section 139L. Interest on Loans Secured by Rural or Agricultural Real Property effective July 4, 2025.
Sec. 70436. Reduction of transfer and manufacturing taxes for certain devices (aka FIREARMS). Levies a transfer tax of (1) $200 for each firearm transferred in the case of a machinegun or a destructive device, and (2) $0 for any firearm which is not described in paragraph (1). [What is the definition of "destructive device" as this revision does not say?] Effective after October 4, 2025.
Sec. 70437. Treatment of capital gains from the sale of certain farmland property. Adds a new Section 1062 Gain from the Sale or Exchange of Qualified Farmland Property to Qualified Farmers. Effective after July 4, 2025.
Sec. 70438. Extension of rules for treatment of certain disaster-related personal casualty losses. Simply changes the current "date of enactment" to July 4, 2025.
Sec. 70439. Restoration of taxable REIT subsidiary asset test. Increases 20% to 25% effective after December 31, 2025.
Again, I am in no way a tax professional. If any of these sections apply to your situation, I highly recommend you consult a tax professional.
I died for honor; but, I lived for Independence.
Today's Patriot is Button Gwinnett was born about March 3, 1735 (records are missing), and baptized on April 10, 1735 in St Catherine's church in Gloucester, county of Gloucestershire, England. He was the third of 7 children. It is believed that he attended Gloucester Cathedral (now The King's School).
Button apprenticed to his uncle, a greengrocer, moving to Wolverhampton in Staffordshire in 1754 to apprentice with an ironmonger.
Button married Ann Bourne on April 19, 1757 at St Peter's Church, Wolverhampton, England. They had 3 daughters. The family emigrated to America in 1762 settling in Savannah, Georgia by 1765 after his various business ventures were not successful.
It was not until he became involved in politics that he found his avocation. He represented Georgia at the Continental Congress voting for Independence. He signed the Declaration on August 2, 1776. Button also served in the Georgia state legislature and wrote the original draft of Georgia's constitution. He was appointed Governor of Georgia when Archibald Bulloch died.
Button was involved in a duel-by-pistol with his "arch nemesis" Lachlan McIntosh on May 16, 1777 where both men were injured. Button died of his wounds May 19, 1777 at the age of 42. McIntosh recovered from his wound living until 1806. Gwinnett County, Georgia is named after Button. A Liberty ship, launched May 2, 1943 was also named after hi: SS Button Gwinnet. It was decommissioned in 1968.
ANP Fundraiser:
Dangerous, Derogatory, Harmful, Unreliable!
Those are some of the exact words used by Googles censors, aka 'Orwelliancontent police,' in describing many of our controversial stories.Stories later proven to be truthful and light years ahead of the mainstream media. But because we reported those 'inconvenient truths' they're trying to bankrupt ANP.
