Transportation Freedom Act

Enhanced Tax Deductions for Manufacturers: Qualifying taxpayers can claim a deduction equal to 200 percent of eligible wages paid to workers (Section 101(a)).

Support for Manufacturing Workers: The bill requires qualifying taxpayers to offer specific benefits, such as group health plans at the platinum level or higher (Section 101(b)(5)(A)).

Retirement Security: Qualifying taxpayers must offer coverage for retired individuals under a group health plan at the platinum level or higher (Section 101(b)(6)).

Profit-Sharing Opportunities: The bill requires that for every $1,000,000,000 in non-recurring dividends or redeemed stock, at least $2,000 be distributed to each applicable individual through a profit-sharing plan (Section 101(b)(7)).

Job Stability and Quality: New standards for CAFE and greenhouse gas emissions are required to be based on evidence regarding motor vehicle manufacturing job quality and stability (Section 402(b)(1)(B)).

Restriction of Emissions Standards: The bill repeals existing multipollutant emissions standards for light-duty and medium-duty vehicles (Section 201).

Impact on Heavy-Duty Standards: The bill repeals Phase 3 heavy-duty vehicle greenhouse gas emissions standards (Section 202).

Reduction of CAFE Standards: The bill repeals existing CAFE standards rules (Section 203).

Loss of Emissions Waivers: The bill eliminates vehicle emissions waivers, including those previously issued to the State of California for zero-emission vehicle mandates (Section 301).

Workforce Wage Limitations: The deduction for eligible wages is capped at $150,000 per taxable year (Section 101(c)(2)).