Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Senate Passes Bill to Curb Contentious Social Security Rules
By Melanie WaddellThe Social Security Fairness Act, which would repeal two provisions, now goes to President Biden.
December 20, 2024
Senate Nears Vote on Bill to Curb Contentious Social Security RulesA vote could come as early as Friday afternoon on the House-passed Social Security Fairness Act.
December 19, 2024
New House Bill Could Kill the Net Investment Income TaxThe 3.8% tax can hit individuals with as little as $200,000 in income.
December 18, 2024
7 Ways the New House Spending Package Could Affect Older ClientsIt could chase away ghost doctors and support high-tech cancer blood tests.
December 17, 2024
Draft Bill Attacks Wealthy Families' Private Placement Life PoliciesSen. Ron Wyden's proposal would tax the policies and contracts as if they were ordinary investment funds.
December 16, 2024
Debate: Should the U.S. Government Create a Nationwide Retirement Savings Plan?Many workers enter retirement with little savings primarily because of sporadic coverage options during their working lives.
December 13, 2024
These Tax Policies Are Ripe for Change in 2025Professors Bloink and Byrnes dissect the realities of Trump's tax promises and some potential means of paying for them.
December 13, 2024
Death and Retirement Tax Changes Could Add $723B in Revenue Over 10 Years: CBOThe projected value of changing asset transfer rules and cutting IRA and 401(k) contributions is up from $209 billion in 2020.