Workers could deduct reported cash tips and required overtime pay from federal taxable income. Social Security benefits would no longer be taxed. Many fund managers would pay regular income and self-employment tax on carried interest.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
REAL AMERICA Act is a House bill in committee. The latest recorded action: Referred to the House Committee on Ways and Means.
Latest action on H.R. 2621: Referred to the House Committee on Ways and Means.
Who this affects: This bill mainly affects workers who earn cash tips, workers who get required overtime pay, people receiving Social Security, and investment managers. Tipped and overtime workers could owe less federal income tax if they meet the income limits. Social Security recipients who now pay tax on benefits could see less taxable income. Investment managers could owe more tax on carried interest and related partnership income.
Why this matters: This bill could change take-home pay for workers and tax bills for retirees. Tipped and overtime workers may owe less federal income tax if they qualify. Some Social Security recipients may owe less tax because their benefits would no longer count as taxable income. Investment managers could owe more because the bill treats more carried interest like regular earnings. The bill may also shift more Social Security funding to general federal money.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Keep acting on Modern Action
Compare the broader issue and related bills without leaving Modern Action.
