Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Social Security Bill Aims to Raise Payroll Tax Cap
By Melanie WaddellThe legislation also would use the Consumer Price Index for the Elderly to calculate cost-of-living adjustments.
August 07, 2025
Senator Looks to Hold Hearing on Social Security Investment FundSen. Cassidy's plan will "protect promised benefits, save the program, and can pass Congress," he tells ThinkAdvisor.
August 05, 2025
New Tax Law Speeds Up Social Security Depletion: Chief ActuaryThe old-age trust fund will run dry a year earlier, in 2032, according to a nonpartisan analysis.
August 05, 2025
New Bill Requires Congress to OK Social Security ChangesThe Hands Off Our Social Security Act would mandate congressional approval of any benefits or service adjustments.
July 31, 2025
Democrats Assail Bessent on 'Privatizing' Social Security RemarkThe Treasury secretary is under fire for discussing "Trump accounts" as being a "backdoor for privatizing Social Security."
July 30, 2025
What OBBBA Means For Medicare Rules and PaymentsThe new legislation paused some rule changes and adjusted payment benchmarks.
July 28, 2025
Small-Business Owners Aren't Claiming 401(k) Startup Credits. What Gives?A new analysis shows only about 5.5% of “apparently eligible” firms claim the credit.
July 27, 2025
How Trump's Megabill Affects Qualified Business Income DeductionsTwo tax experts highlight key limitations around pass-through entities' 20% deduction for QBI.