Bill > HR2814

This bill, titled the "Transportation Freedom Act," is a comprehensive legislation focused on supporting the American automobile manufacturing sector and modifying existing emissions and fuel economy standards. The bill's centerpiece is an enhanced tax deduction for wages paid to automobile manufacturing workers, which would allow qualifying taxpayers to deduct 200% of eligible wages paid to workers directly engaged in automobile manufacturing in the United States. To qualify for this deduction, companies must meet several specific requirements, including maintaining at least 75% of vehicle final assembly and component manufacturing in the US, offering platinum-level health coverage, providing robust pension plans, and maintaining a neutral position in labor organizing efforts. The bill also repeals several existing environmental regulations, including multipollutant emissions standards for light and medium-duty vehicles, greenhouse gas emissions standards for heavy-duty vehicles, and Corporate Average Fuel Economy (CAFE) standards. Additionally, it eliminates vehicle emissions waivers and establishes new processes for setting future vehicle emissions and fuel economy standards, with an emphasis on economic practicability and technological feasibility. The proposed standards would be developed in consultation with manufacturers and other stakeholders, with provisions for biennial review and potential adjustments based on market conditions and technological advancements.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/2814/all-info