Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Want a Better IRS? Simplify the Tax Code
By Clive CrookThe Inflation Reduction Act expands its funding by $80 billion over ten years, but that move raises some serious questions.
August 18, 2022
Inflation Reduction Act Could Spark Surge in Some Home ImprovementsThe Inflation Reduction Act contains some pleasant surprises for taxpayers interested in making certain changes to their homes.
August 18, 2022
Why Secure Act 2.0 Will Pass This YearRetiring lawmakers want to get the big retirement bill through Congress in 2022, a former Labor Department official says.
August 17, 2022
Stock Buyback Tax Is a 'Silly Mistake': Charles EllisThe strategist also shares his views on the value of index funds and why "almost everybody needs a financial advisor."
August 17, 2022
6-Month Timeline for IRS Plan to Target Tax Cheats: YellenNone of the funds will be used to increase enforcement tied to those earning under $400,000 a year, according to a memo.
August 16, 2022
Biden Signs $437B Tax-Climate BillIt injects $80 billion into the IRS and imposes a 15% minimum tax on large corporations and a 1% excise tax on stock buybacks.
August 15, 2022
Senate Finance Chair Asks Blackstone Unit for Private Placement Life DetailsSen. Ron Wyden says wealthy families might be using PPLI to cut taxes, without a genuine insurance purpose.
August 12, 2022
House Sends Biden Landmark Tax, Health, Climate Bill to SignThe Inflation Reduction Act passed the House late Friday on a party line 220-207 vote.