Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
NJ Lawmaker Seeks to Lift SALT Cap to $80,800 for Married Filers
By Nacha CattanRep. Josh Gottheimer said the upcoming fast-track spending legislation is the "perfect vehicle" to push for more deductions.
April 03, 2026
Trump $2.2T Budget Leaves Social Security Funding FlatThe fiscal proposal provides slightly less for the agency than the $14.9 billion requested by its commissioner.
March 31, 2026
Washington State Adopts Millionaires' TaxThe 9.9% tax on income over $1 million starts in 2028.
March 26, 2026
New Bill Repeals Social Security Earnings TestWithholding a portion of benefits is unfair to older workers, the bill's sponsor argues.
March 10, 2026
How Trump's New Retirement Plan Might WorkThe president could resurrect an idea from the Obama administration, former Treasury official Mark Iwry predicts.
March 03, 2026
New Bill Waives Spousal Consent Rule for Abuse Survivors in Federal Retirement PlanUnder current law, retiring federal employees need written consent from their spouse or ex-spouse to change distributions.
February 18, 2026
New Bill Would Make $6,000 Senior Deduction PermanentThe tax break, part of the One Big Beautiful Bill Act, expires in 2028.
February 13, 2026
Think You Can Fix Social Security? It's Gotten Harder.A tool that lets users try their hand at Social Security reform has been updated, and the numbers aren't pretty.