Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Bill Won't Save Social Security
By Michael FinkeSocial Security 2100: A Sacred Trust is an opening salvo in the funding debate, but it won't solve the long-term problem.
October 26, 2021
House Introduces Social Security 2100 Bill to Expand Payroll TaxThe bill adopts CPI-E as the basis of the annual COLA and applies the payroll tax to wages above $400,000.
October 26, 2021
Democrats Target 'Buy, Borrow, Die' With Their Billionaire Tax PlanMore than $5 trillion is held by over 800 Americans worth at least $1 billion, according to the Bloomberg Billionaires Index.
October 25, 2021
Democrats Draw Up Billionaire-Tax Plan as Corporate Hike FadesSenate Finance Committee Chair Ron Wyden plans to unveil a new tax on the unrealized capital gains of the ultra wealthy this week.
October 21, 2021
Estate, Capital Gains Tax Changes Likely to Stay in Spending Bill: Schwab's TownsendBut some retirement provisions could get chopped, Schwab's man in Washington says.
October 20, 2021
House Debut of Sweeping Social Security 2100 Bill Is DelayedRep. John Larson was to introduce the legislation Wednesday morning with other lawmakers.
October 18, 2021
Bill to Change Social Security COLA, Expand Payroll Tax ComingThe bill would tie Social Security COLAs to the CPI for the Elderly, increase benefits and merge the old-age and disability funds.
October 15, 2021
New Social Security 2100 Bill to Expand Payroll Tax Coming Next WeekThe bill is expected to increase benefits across the board and change the way Social Security COLAs are calculated.