Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Here's How Big Social Security Cuts Could Be Without Reforms
By John ManganaroA research group has put a dollar amount on the expected reduction per couple if Congress doesn't act.
August 22, 2024
New Program Makes Installment Payments an Option for Medicare Part D EnrolleesThe plan is intended to spread the costs of prescription drugs over a number of months.
August 16, 2024
Harris Set to Propose Tax Cuts and SubsidiesThe news follows a recent push by Trump running mate JD Vance for a $5,000-per-child tax credit.
August 12, 2024
Budget Deficit Hits $1.5T as Fiscal Year Nears EndInterest costs in the first 10 months of the fiscal year totalled $956 billion, up 32% from 2023.
August 12, 2024
House Bill Could Create an Unlimited LTCI Premium DeductionTo fund this tax reform, the bill would repeal some tax incentives tied to less polluting, more efficient energy use.
August 09, 2024
New Bill Extends 401(k) Access to Workers Under 21The Helping Young Americans Save for Retirement Act would require plans to be open to workers 18 and older.
August 08, 2024
IRS Clarifies RMD Options for Surviving Spouses Under Secure 2.0The agency's long-awaited RMD guidance answered some questions about new options for these beneficiaries.
August 05, 2024
New Social Security Bill Phases Out Payroll Tax CapHigh earners would get bigger benefits in exchange for paying FICA taxes on all their wages.