To amend the Internal Revenue Code of 1986 to establish a cap on income taxes on certain pensions.
Key claim: HR9750 would amend the Internal Revenue Code of 1986 to establish a cap on income taxes on certain pensions.
Abstract
(HR9750 · 119th Congress) Latest action (2026-07-16): Referred to the House Committee on Ways and Means.
Why this matters
A statutory cap on income taxes for certain pensions would shift tax burden away from pension recipients—particularly higher-income retirees whose pension income would otherwise be taxed at ordinary rates—while foregoing federal revenue. The proposal fits within a broader pattern of retirement-income tax carve-outs (alongside Social Security expansion and Delphi pension restoration efforts) that treat pension income preferentially relative to wage or investment income.