Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Debate: Is Permanent 100% Bonus Depreciation in Trump Tax Law a Good Thing?
By Robert Bloink and William H. ByrnesThe increase in year one applies to qualified property acquired and placed into service on or after Jan. 19.
July 08, 2025
New Tax Law Creates Medicare Tax Cutoff SuspenseNew deductions might (or might not) free some taxpayers from paying the net investment income tax and the "additional Medicare tax."
July 07, 2025
How the New $6,000 Tax Deduction for Seniors Really WorksA statement from the Social Security Administration applauding Trump's tax bill led to some confusion.
July 04, 2025
Trump Signs His Tax-and-Spend Bill at White House CeremonyHe signed the bill into law Friday, enshrining an extension of tax cuts and steep cuts to some health programs.
July 03, 2025
House Sends $3.3T Tax Package, With HSA Provisions, to TrumpThe One Big Beautiful Bill Act also renews many current tax provisions and imposes health program funding cuts.
July 03, 2025
Trump Wins Broad Economic Policy Shift as House Passes Tax BillThe 218-214 vote in the House sends the legislation to Trump, in time for his July 4 deadline.
July 03, 2025
Who Won and Lost in Trump’s Tax BillBusiness investors and wealthy Americans are among the biggest winners in President Donald Trump’s tax bill.
July 02, 2025
Trump Meets GOP Hardliners as Tax Bill Hits Resistance in HouseSeveral House lawmakers predicted that the first procedural vote on Wednesday would fail.