Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
Lawmakers, CEOs Praise $1,000 401(k) ‘Trump Accounts’ for Babies in Tax Bill
By Lynn CavanaughTrump staged an event Monday to promote the tax-deferred investment accounts for newborns.
May 22, 2025
What's Next for the Trump Tax Bill"We are so far away from an acceptable bill, it’s hard to say," said Sen. Ron Johnson, R-Wis.
May 22, 2025
House Passes Trump Tax BillThe bill now heads to the Senate, where groups of Republicans are pressing for extensive changes.
May 21, 2025
White House Says Failure to Pass Tax Bill Would Be ‘Ultimate Betrayal’Lawmakers struck a deal on the SALT cap, but some ultraconservatives are still on the fence.
May 21, 2025
Johnson Says Agreement Reached on Raising SALT Cap to $40,000The agreement suggests a resolution to one of the final issues holding up President Donald Trump’s economic bill.
May 21, 2025
Senate Passes No Tax on Tips ActThe bill, which passed 100-0, would exempt up to $25,000 in tips from federal income tax.
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.