Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
The Case for Cutting High Earners' Social Security Benefits
By John ManganaroCato Institute scholar Romina Boccia weighs whether cuts to wealthy retirees' Social Security benefits could preserve the program.
February 15, 2024
Democrat Pushes for Middle Way at House Fiduciary Rule HearingRep. Donald Norcross, D-N.J., wants policymakers to protect retirement savers' access to good advice.
February 15, 2024
SALT Deduction Bill Fails Test Vote in HouseRep. Lawler, R-N.Y., said that, while disappointed, he'd keep up the fight for his bill.
February 14, 2024
SALT Deduction Bill Heads for House VoteThe SALT Marriage Penalty Elimination Act would double the deduction cap for joint filers for 2023.
February 14, 2024
IRS Sets Saturday Office HoursFunding to expand the availability of taxpayer assistance centers comes from the Inflation Reduction Act.
February 13, 2024
SALT Deduction Bill to Get Procedural Vote WednesdayThe SALT Marriage Penalty Elimination Act would double the cap to $20,000 for couples earning less than $500,000.
February 08, 2024
Here's What's Wrong With Ending 401(k) Tax Breaks to Fund Social Security: ICI EconomistOne can portray the U.S. retirement system as unfair, but the real picture is nuanced, Peter Brady says.
February 08, 2024
House Panel OKs Bipartisan Preventive Health Measures AnalysisLawmakers renamed H.R. 766 in honor of Rep. Michael Burgess, who is retiring.