H.R. 1062: Growing and Preserving Innovation in America Act of 2025

H.R. 1062 is a federal bill in the 119th Congress. Currently, U.S. corporations can deduct a larger portion of their foreign-derived intangible income and global intangible low-taxed income (GILTI) when calculating their federal taxes. This larger deduction, which is 37.5% for foreign-derived intangible… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.