Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
9 Estate Tax Bills Introduced in 2021
By Melanie WaddellOne measure would restore the estate tax exemptions to the 2009 thresholds: $3.5 million per individual and $7 million per married couple.
December 14, 2021
Biden Moves to Improve Social Security ClaimingHis executive order also requires the IRS to return calls to taxpayers and Medicare to set up a portal so recipients can find more ways to save money.
December 13, 2021
Latest Senate Spending Plan Includes $1.5T in Tax HikesThe measure doesn't include any expansion of the state and local tax, or SALT, deduction, despite weeks of negotiations.
December 09, 2021
6 Long-Term Care Bills Introduced in 2021One measure would allow tax-exempt retirement plan distributions to be used to pay for long-term health care insurance.
December 09, 2021
Inflation Near 40-Year High Shocks Americans, Spooks WashingtonAlready-hot inflation is forecast to climb to 6.8%. That would be the highest rate since Ronald Reagan was president.
December 09, 2021
Jeffrey Levine: Top 10 End-of-Year Tax Planning TipsThe financial planning expert weighs in on SALT deductions, Roth conversions, crypto investing and one of his favorite movies.
December 09, 2021
MIT's Lo Predicts the Future of FinanceLo explains what regulators are doing to avoid another devastating financial crisis and his research on systemic risk.
December 08, 2021
Andy Friedman Predicts Fate of Build Back Better BillWhile final terms of the trimmed-down $1.75 trillion spending and tax plan are unclear, he expects SALT relief is coming.