New bill introduced to eliminate tax deductions for employers influencing labor organization decisions.

From Nasdaq: 2025-04-17 21:55:00

H.R. 2692: No Tax Breaks for Union Busting (NTBUB) Act was introduced on 2025-04-07 and has 125 cosponsors. The bill aims to eliminate tax deductions for expenses related to influencing employees on labor organizations and collective actions.

The primary purpose of the NTBUB Act is to end tax incentives for employers trying to influence employees’ decisions on forming or joining unions. It reinforces workers’ rights to choose without employer interference, impacting collective bargaining processes.

Key provisions of the bill include changes to the Internal Revenue Code to deny tax deductions for expenses influencing labor organization decisions. Reporting requirements and penalties for non-compliance are also outlined, with exceptions for specific deductions.

The NTBUB Act addresses employer interference in union activities, noting unfair labor practices that undermine workers’ rights to organize. If passed, the bill would take effect 240 days after enactment to allow for adjustment to new regulations.

Companies like Amazon, Alphabet, Walmart, and Tesla could be affected by the NTBUB Act due to their employee relations and union dynamics. The bill may prompt changes in financial strategies and budget allocations for these employers.

Representative Donald Norcross has proposed bills like H.R.2736, H.R.2692, H.R.2151, H.R.1627, and H.R.957, focusing on public employee rights, tax breaks for union busting, seizure awareness, and parity enforcement.

Quiver Quantitative estimates Representative Donald Norcross’s net worth at $6.5M, ranking 112th in Congress. Approximately $244.6K is invested in publicly traded assets, trackable on Quiver Quantitative’s politician page for Norcross. This article is not financial advice, and disclaimers apply.



Read more at Nasdaq: New Bill: Representative Donald Norcross introduces H.R. 2692: No Tax Breaks for Union Busting (NTBUB) Act