Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Did the Trump Tax Cuts Pay for Themselves?
By Melanie WaddellTax revenue grew faster than expected, but it's complicated, the Committee for a Responsible Federal Budget says.
January 17, 2025
Surging Rates Stoke GOP Tensions on Paying for Tax CutYields on 10-year Treasurys are double what they were just before Trump started his first term.
January 13, 2025
New Bill Boosts SALT Deduction CapThe SALT Fairness for Working Families Act increases the limit to $15,000 and eliminates the marriage penalty.
January 10, 2025
Who Benefits Most From Extending Trump's Tax Cuts? Likely the Wealthy: TreasuryFamilies across the board would see lower taxes, but the largest cuts would go to the highest earners.
January 10, 2025
Social Security Has Problems, but It’s No Ponzi SchemeThe label is both inaccurate and misleading, according to Jason Fichtner, a former SSA official.
January 10, 2025
GOP Lawmakers Push SSA for Next Steps on Social Security Fairness ActHouse Ways and Means Committee members asked the agency how and when the new law will be implemented.
January 08, 2025
How the Social Security Fairness Act Affects Claiming StrategiesSome clients who never filed for benefits now have a strong incentive to do so, Joe Elsasser says.
January 07, 2025
The Social Security Fairness Act Is Law. Here's What Advisors Should Do Now.Share the good news, but warn affected clients that benefit increases or back-payment checks won't come immediately.