Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
SALT Cap Confounds House Democrats Crafting Taxes for Biden Plan
By Kaustuv BasuThe nonpartisan Joint Committee on Taxation has estimated that repealing the SALT cap would cut taxes for more than 13 million people.
September 03, 2021
New Bill Lowers Medicare Eligibility Age to 60The Improving Medicare Coverage Act would expand coverage to at least 23 million people.
September 01, 2021
New Social Security 2100 Bill to Expand Payroll Tax Is Coming This FallThe bill is expected to extend payroll taxes to high earners and change the way COLAs are calculated.
August 26, 2021
Insurers Scramble to Meet No Surprises Act RequirementsNearly 75% of survey respondents are concerned about meeting the law's Advanced Explanation of Benefits mandates, Zelis found.
August 24, 2021
House Adopts $3.5T Budget Blueprint Backed by BidenThe budget resolution sets a Sept. 15 deadline for the congressional committees drafting the tax and spending legislation.
August 20, 2021
Biggest Tax Hike on Wealthy Since 1993 Is Bogged Down in CongressThe tax-writing panels in the House and Senate have until Sept. 15 to finish writing the details of the tax-raising package.
August 18, 2021
House Budget Chair Lays Out Next Steps for Tax, Spending BillThe House plans to vote next week on the Senate-passed budget resolution.
August 18, 2021
Retirement Bill Is 'Fatally Flawed,' Kitces' XY Planning Tells LawmakersThe Retirement Security and Savings Act would allow steering of plan participants into higher-cost proprietary investments, Kitces said.