HR 1062 · in committee · major
Growing and Preserving Innovation in America Act of 2025
- taxes
What this bill does
- The bill makes permanent higher tax deductions for U.S. corporations on foreign-derived intangible income and global intangible low-taxed income.
- Domestic corporations benefit by maintaining current deduction rates that would otherwise decline in 2026.
- The change takes effect in 2026 and reduces federal tax revenue by allowing larger corporate tax deductions.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How would permanently extending these corporate tax deductions affect federal funding for programs like infrastructure, education, or defense compared to letting them expire?
- 02
Which U.S. industries or company sizes would benefit most from maintaining higher deductions on intangible income earned abroad, and would smaller domestic firms face competitive disadvantages?
- 03
What evidence exists that these deductions increase domestic job creation and investment in the U.S., versus primarily shifting profits to lower-tax jurisdictions?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-IA-4
Randy Feenstra
Citizen cosponsors
0
In Congress
7/ 435
House Reps cosponsoring
Introduced 2025-02-06
Joining the bill
Legislative timeline
2025-02-06 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-02-06 · IntroReferral
Introduced in House
2025-02-06 · IntroReferral
Introduced in House

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