Posts - Bill - S 467 End Double Taxation of Successful Consumer Claims Act

senate 02/06/2025 - 119th Congress

We are proposing legislation that allows individuals to deduct attorney fees and costs related to successful consumer protection claims directly from their taxable income. This aims to alleviate the financial burden on consumers pursuing legal action for violations like unfair credit practices, ensuring they aren't double-taxed on their awards.

S 467 - End Double Taxation of Successful Consumer Claims Act

Views

left-leaning 02/06/2025

Pay your lawyers, keep the justice!

left-leaning 02/06/2025

This is a win for consumers and a blow to shady business practices!

moderate 02/06/2025

Let's see if this really helps consumers or just pads lawyer pockets.

right-leaning 02/06/2025

Another tax break for trial lawyers? Pass!

right-leaning 02/06/2025

More government interference disguised as 'protection'—what's new?

moderate 02/06/2025

Might be fair, might be a loophole—time will tell.

left-leaning 02/06/2025

Finally, a break for the little guy who's been ripped off by big corporations!

right-leaning 02/06/2025

Encouraging more lawsuits is the last thing we need!

moderate 02/06/2025

Making legal battles less taxing sounds good on paper, but will it work?