Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Johnson Says Agreement Reached on Raising SALT Cap to $40,000
By Erik Wasson and Nacha CattanThe agreement suggests a resolution to one of the final issues holding up President Donald Trump’s economic bill.
May 20, 2025
Trump Pushes SALT Republicans to Abandon Further Cap HikeHe also spoke with hard-liners seeking deeper Medicaid cuts. But both groups appear to be holding firm.
May 19, 2025
Trump Plans to Rally House Republicans Divided on Tax Cut BillPresident Trump plans to go to the Capitol on Tuesday to urge fractious House Republicans to overcome divisions.
May 19, 2025
Trump Tax Bill Advances After GOP Deal for Faster Medicaid CutsThe House Budget Committee vote paves the way for passage of the legislation as soon as Thursday.
May 18, 2025
New York Republican Floats Higher Tax Rate to Pay for SALTThe tax bill "has stalled — and it needs wind in its sails," said Rep. Nick LaLota, R-N.Y., on Saturday.
May 16, 2025
The Hottest Tax Legislation Debate Isn’t In WashingtonJoin Professors Byrnes and Bloink on June 11 for a fierce, but friendly, debate about tax policy.
May 16, 2025
Trump Tax Cuts Rejected by House PanelFour ultraconservatives want deeper cuts to Medicaid and a faster phase-out of clean energy tax credits.
May 16, 2025
New Bill Would Require SEC to Update 'Small Entity' DefinitionRaising the threshold, currently $25 million in AUM, would give small RIAs special consideration in federal rulemaking.