Lawmakers Grapple With Capital Gains Tax Overhaul
As Congress tackles broad tax reform, where to set the rates on capital gains will be the most controversial and complex issue lawmakers must tackle.
11 Key Congressional Committees for Advisors to Worry About
As the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
House Rejects Senate Measure on Bush Tax Cuts
The House took the opposite stance to the Bush tax cuts as the Senate and passed legislation on Wednesday that would extend all of the expiring cuts for everyone for one year. Separately on Thursday, Senate Finance panel passed a bipartisan bill to extend other tax cuts for families and...
Senate Votes to Keep Bush Tax Cuts for Middle Class
The Senate passed a bill late Wednesday to extend the Bush tax cuts for families earning less than $250,000 a year—or 98% of Americans.
Student Loan Rate Hike Averted in Highway Bill Compromise
A bipartisan agreement was reached late Wednesday on a federal highway bill that includes provisions to prevent student loan rates from doubling and makes adjustments to defined benefit funding requirements.
Next Up in Tax Reform Debate: Capital Gains
Senate Finance Chairman Max Baucus and House Ways and Means Chairman Dave Camp plan to hold a joint hearing Thursday to review the tax treatment of capital gains in the context of comprehensive tax reform.
Senate Finance’s Baucus: U.S. Headed Toward Fiscal Crisis Like Europe
Sen. Max Baucus, D-Mont., said Monday that any tax reform plan “must be developed with a sound budget in mind that reduces deficits and debt.”
FSI Fights Back, and Wins, Against Threat to IRAs
The latest win by FSI’s ‘Rapid Response’ team: retaining benefits of stretch IRAs in Congress.
Could the End of the Inherited IRA Be Near?
The benefit of inherited IRAs could be eliminated soon through a plan proposed recently by the Senate Finance Committee.
Sen. Reid Strips Stretch IRA Provision From Senate Bill
Senate Majority Leader Harry Reid, D-Nev., has removed a controversial provision within a Senate highway bill that would have reduced the value of inherited IRAs, commonly referred to as stretch IRAs.