Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
12 Tax Changes in Biden's $7T Budget
By Laura DavisonOne shift would mean the richest taxpayers would pay a 44.6% rate on investment income and other earnings.
March 09, 2023
Biden to Push for 25% Billionaire Tax, Capital Gains Hike on RichThe proposal would nearly double the long-term capital gains rate for investors earning $1 million or more.
March 07, 2023
New Bill Would Change Social Security Claiming Age TerminologyAlso, future Social Security beneficiaries would receive more statements in the mail.
March 07, 2023
Biden Proposes Tax Hike on Income Over $400K to Fund MedicareThe president's budget also proposes the ending of a tax loophole used by business owners and higher earners.
March 02, 2023
Senate Panel OKs Veterans Long-Term Care BillS. 141 would promote efforts to increase the percentage of veterans getting care at home.
March 02, 2023
Anti-ESG Bill Passes Senate as Biden Threatens First VetoThe bill strikes down a Labor Department rule allowing retirement plans to weigh climate change and ESG factors.
March 01, 2023
New Bill Creates Social Security, Medicare 'Lock Box'The bill would block the Social Security and Medicare Part A trust funds from investment in U.S. bonds.
March 01, 2023
Senate Set to End Labor's ESG RuleThe expected move by Republicans and some Democrats is likely to be vetoed by the president.