Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Biden Tax Proposal Would Kick In at Over $500K for Couples
By Josh Wingrove and Laura DavisonThe new top 39.6% tax bracket, proposed in the American Families Plan, would encompass less than 1% of taxpayers, says a White House official.
April 27, 2021
Biden Aims to End 'Step Up in Basis' Benefit for EstatesTax package will end an inheritor-friendly policy, bump up the top income tax rate and fund more IRS audits.
April 26, 2021
Which Tax Hikes Are Most Likely?Tax measures floated by President Biden and lawmakers prompt a hot debate; tax experts Greg Valliere and Allison Hutchins weigh in.
April 21, 2021
TRUST Act Could Lead to Wide Social Security Benefit CutsSimply put, the TRUST Act is a way to cut benefits while leaving few fingerprints from individual members of Congress.
April 21, 2021
House Passes Bill Requiring SEC, CFTC Digital Assets Working GroupMeanwhile, a bill that would end mandatory arbitration in financial services has re-emerged.
April 19, 2021
RIA Group Supports Diversity Reporting BillThe bill, up for debate Tuesday, would allow agencies like the SEC to require large firms to report diversity data.
April 15, 2021
SALT-Cap Repeal Gains MomentumHouse members are forming a bipartisan group to push for a repeal of the $10,000 cap on state and local tax deductions.
April 15, 2021
Bill to Boost RMD Age to 75 Up for Vote in 'Next Few Weeks': Rep. NealThe retirement bill, dubbed the Secure Act 2.0, also increases auto-enrollment and catch-up contributions in 401(k)s.