Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Tax Law Creates Medicare Tax Cutoff Suspense
By Allison BellNew deductions might (or might not) free some taxpayers from paying the net investment income tax and the "additional Medicare tax."
July 03, 2025
House Sends $3.3T Tax Package, With HSA Provisions, to TrumpThe One Big Beautiful Bill Act also renews many current tax provisions and imposes health program funding cuts.
July 03, 2025
Trump Wins Broad Economic Policy Shift as House Passes Tax BillThe 218-214 vote in the House sends the legislation to Trump, in time for his July 4 deadline.
July 03, 2025
Who Won and Lost in Trump’s Tax BillBusiness investors and wealthy Americans are among the biggest winners in President Donald Trump’s tax bill.
July 02, 2025
Trump Meets GOP Hardliners as Tax Bill Hits Resistance in HouseSeveral House lawmakers predicted that the first procedural vote on Wednesday would fail.
July 01, 2025
Trump Tax Bill Hits Republican Resistance in House Ahead of Vote"I have very strong concerns and am not very inclined to support," said Rep. Chip Roy (R-Texas).
July 01, 2025
What’s in the Tax Bill That Just Passed the SenateKey provisions include a deal to raise the limit on the state and local tax deduction to $40,000 a year.
July 01, 2025
Trump’s Tax Bill Passes SenateThe House is expected to vote on the bill this week, but success is not guaranteed.