This resolution marks the 74th anniversary of the Mutual Defense Treaty between the United States and the Philippines. It affirms their security alliance amid rising tensions in the South China Sea.
Supporting Transit Commutes Act This bill provides employers a tax deduction for certain transportation fringe benefits given to employees. Under the bill, employers may deduct costs for providing employees transportation in a commuter highway vehicle (e. g., van pool) between the employee’s home and place of work or a transit pass. The amount of the deduction cannot exceed the aggregate exclusion amount for such fringe benefits ($325 per month per employee in 2025 and adjusted annually). Further, under the bill, the deduction cannot exceed 50% of such amount for transportation fringe benefits provided under a salary reduction agreement.
