Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
What’s New in the Senate Version of Trump’s Tax and Spending Bill
By Emily Birnbaum and Erik WassonThe Senate Finance Committee's legislation modifies some key breaks, from SALT to the child tax credit.
June 12, 2025
7 Tax Developments to Watch ForThe outlook for 2026 and beyond remains uncertain as the tax bill debate rages on.
June 12, 2025
Republican Senators Consider $30,000 SALT Cap in Trump Tax BillThey are trying to reduce the House-passed $40,000 SALT limit, Sen. Thom Tillis says.
June 12, 2025
Lawmakers, CEOs Praise $1,000 401(k) ‘Trump Accounts’ for Babies in Tax BillTrump staged an event Monday to promote the tax-deferred investment accounts for newborns.
June 10, 2025
Senate Plans to Deliver Trump-Backed Tax Breaks on Tips, OvertimeA House Republican warned senators earlier Tuesday that those breaks were a must-have for the final tax bill.
June 10, 2025
New Bill Ensures Access to Social Security ServicesThe introduction of the Social Security Access Act follows DOGE cuts and the agency's attempt to limit phone service.
June 10, 2025
Johnson Urges Senate to Minimize Changes to $40,000 SALT DealTrump last week told Senate Republicans he is open to a smaller boost to the deduction cap.
June 06, 2025
Debate: Does Auto Loan Interest Warrant a Tax Deduction?The Trump administration has proposed an above-the-line deduction of up to $10,000 per year.