Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
What Tax-Free Social Security Benefits Would Really Mean
By John ManganaroPayments would increase in the short term, but the policy could accelerate insolvency or be challenged in court.
April 29, 2025
Bessent Sets July 4 Goal for Tax Bill as Economic Worries MountPolling shows that voters largely disapprove of the White House's handling of the economy.
April 28, 2025
New Bill Caps Social Security Clawbacks at 10% of Monthly BenefitsThe Claws Off Social Security Act restores a policy change made in 2024 amid uproar over the clawbacks.
April 27, 2025
Trump Floats New Income Tax CutThe president says his tariffs would help him lower income taxes for those making less than $200,000 a year.
April 24, 2025
Debate: Should the Top Tax Rate Return to 39.6%?Debate over extending the 2017 tax cuts is tied to increasing the rate on income above $1 million.
April 23, 2025
Trump Says Millionaire Tax Would Push Wealthy to Leave the U.S.But some Republicans are open to raising levies on top earners to help pay for other parts of Trump's agenda.
April 23, 2025
New Bill Cuts Capital Gains Taxes for Some High EarnersThe legislation moves the long-term capital gains tax thresholds to align with income tax brackets.
April 18, 2025
Why SALT Cap for Some High Earners Gets Special Focus in CongressRepublicans are on track to raise the $10,000 cap on the state and local tax deduction.