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H. Rept. 119-600 1 (2026-04-09)

handle is hein.congrecreports/crptxaifm0001 and id is 1 raw text is: AUTHENTICATED r U.S. GOVERNMENT INFORMATION 4 119TH CONGRESS REPORT 2d Session J HOUSE OF REPRESENTATIVES 119-600 SUPPORTING EARLY-CHILDHOOD EDUCATORS' DEDUCTIONS ACT APRIL 9, 2026.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. SMITH of Missouri, from the Committee on Ways and Means, submitted the following REPORT [To accompany H.R. 5334] The Committee on Ways and Means, to whom was referred the bill (H.R. 5334) to amend the Internal Revenue Code of 1986 to allow early childhood educators to take the educator expense de- duction, and for other purposes, having considered the same, re- ports favorably thereon with an amendment and recommends that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ................................................................. 2 A. Purpose and Sum m ary ..................................................................... 2 B. Background and Need for Legislation .................... 2 C. Legislative H istory ........................................................................... . 3 D . Designated H earing .......................................................................... 3 II. EXPLANATION OF THE BILL ..................................................................... 3 III. VOTE OF THE COM M ITTEE ........................................................................ 4 IV. BUDGET EFFECTS OF THE BILL ............................................................... 5 A. Committee Estimate of Budgetary Effects .................. 5 B. Statement Regarding New Budget Authority and Tax Expendi- tures Budget Authority .................................................................. 5 C. Cost Estimate Prepared by the Congressional Budget Office ....... 6 V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF THE H O U SE .......................................................................................................... 6 A. Committee Oversight Findings and Recommendations ................. 6 B. Statement of General Performance Goals and Objectives ............. 6 C. Applicability of House Rule XXI, Clause 5(b) ................ 6 D. Information Relating to Unfunded Mandates ................ 6 E. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff B enefits ................................................................................. 6 F. Duplication of Federal Program s ..................................................... 7 G. Tax Com plexity Analysis .................................................................. 7 VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED 7 69-006