Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Press for New Capital Gains Tax Cut Divides Republicans
By Caitlin Reilly and Steven T. DennisThe proposal to index capital gains for inflation could be in a tax-and-spending package later this year.
April 24, 2026
Debate: Should Social Security Benefits Be Capped at $50K Per Person?A proposed change would limit annual payments to $100,000 per couple or $50,000 per single taxpayer.
April 24, 2026
New Derivatives Bill Seeks to Rein in Wealthy Tax DodgersThe bill would require investors using derivatives contracts to annually pay tax on gains or deduct losses.
April 22, 2026
New Bill Creates Prefilled Tax FormsThe Autofill Act would enable taxpayers to download pre-populated 1040 forms through an IRS website.
April 17, 2026
New Bills Boost Caregivers' Retirement Savings OptionsThe acts would allow Roth IRA contributions without earned income and add five years to catch-ups.
April 16, 2026
Wyden Bill Would Wreck Existing Private Placement Life and Annuity ArrangementsHolders would have 180 days to replace the arrangements or liquidate them.
April 15, 2026
Bill Revives Plan for Surtax on MillionairesThe Millionaires Surtax Act would levy an additional 10% tax on incomes above $1 million per person.
April 15, 2026
Why Trusts Matter More Than You ThinkAsk not whether clients are "rich enough" for a trust, but whether they're prepared for the future they're building.