Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Andy Friedman Weighs In on House Democrats' Tax Plan
By Melanie Waddell"To everybody's relief … we're not going to see a repeal of stepped-up basis," the political analyst and former tax lawyer says.
September 13, 2021
House Panel to Vote on Backdoor Roth IRA Curbs, RMD Hike for WealthyThe panel also plans to vote this week on increasing the corporate and capital gains tax rates.
September 09, 2021
Auto-IRA Bill Passes House PanelThe bill requires some employers without a retirement plan to automatically enroll workers in IRAs or 401(k)-type plans.
September 09, 2021
SALT Cap Confounds House Democrats Crafting Taxes for Biden PlanThe nonpartisan Joint Committee on Taxation has estimated that repealing the SALT cap would cut taxes for more than 13 million people.
September 08, 2021
Battle Over Tax Hikes, Spending Bill Is Heating UpSen. Joe Manchin and other moderate Democrats will likely demand a pared-down tax plan, setting up weeks of debate.
September 07, 2021
Auto-IRA Bill Up for Vote This WeekHouse Ways and Means will also consider a bill adding dental, hearing and vision benefits to Medicare, Rep. Neal says.
September 03, 2021
New Bill Lowers Medicare Eligibility Age to 60The Improving Medicare Coverage Act would expand coverage to at least 23 million people.
September 01, 2021
New Social Security 2100 Bill to Expand Payroll Tax Is Coming This FallThe bill is expected to extend payroll taxes to high earners and change the way COLAs are calculated.