HR. 2621In Committee
REAL AMERICA Act
Plain-English overview
What this bill does
Establishes federal tax deductions for tips and overtime, excludes Social Security and Tier I railroad retirement benefits from taxable income, and taxes carried interest as ordinary income
Key points
- Establish tax deductions
- Modify carried interest taxation
- Exclude retirement benefits income
Current status
Where it stands
Status
In Committee
Latest action
2025-04-03 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.