Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Senate Unveils Plan to Fast-Track Tax Cuts, Debt Ceiling Hike
By Erik WassonIt includes a $4 trillion extension of Trump’s tax cuts and $1.5 trillion in other levy reductions.
March 24, 2025
$500B in Lost Tax Revenue? Unlikely, Cato Scholar SaysThe gap between taxes owed and taxes paid has remained stable over time, Chris Edwards says.
March 24, 2025
Trump’s Tax Bill Takes Center Stage as GOP Debates Scope of CutsRepublicans broadly agree that the heart of the package will be extending the 2017 cuts.
March 24, 2025
Tax Revenue on Track to Fall $500B in 2025: ReportAnonymous IRS officials told the Washington Post that they expect a 10% decline in tax receipts.
March 13, 2025
Debate: Should Congress Extend Enhanced Premium Tax Credits?The credits are paid directly to health insurance providers, rather than to taxpayers, in exchange for reduced premiums.
March 13, 2025
New Bill Limits Social Security Clawbacks to 10-Year WindowCurrently, an indefinite lookback period allows SSA to collect funds from a recipient going back decades.
March 12, 2025
Two Bipartisan Long-Term Care Bills Re-Emerge in HouseThe proposals could give lawmakers a chance to find common ground amid an intense budget and tax fight.
March 12, 2025
22% Tax Hike Coming if Trump Cuts Expire: Ways and Means ChiefEverything is on the table, including retirement planning incentives, Rep. Jason Smith says.