Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Tax Revenue on Track to Fall $500B in 2025: Report
By John ManganaroAnonymous IRS officials told the Washington Post that they expect a 10% decline in tax receipts.
March 12, 2025
Two Bipartisan Long-Term Care Bills Re-Emerge in HouseThe proposals could give lawmakers a chance to find common ground amid an intense budget and tax fight.
March 12, 2025
22% Tax Hike Coming if Trump Cuts Expire: Ways and Means ChiefEverything is on the table, including retirement planning incentives, Rep. Jason Smith says.
March 10, 2025
New Bill Doubles Social Security Tax ThresholdThe Tax Relief Unleashed for Seniors by Trump Act would also index the gross income exclusion to inflation.
March 10, 2025
Former Republican Social Security Chiefs Deride Musk's ActionsWhile they appreciate the interest in efficiency, Andrew Biggs and Jason Fichtner fear beneficiaries will suffer.
March 07, 2025
Trump’s On-Again, Off-Again Tariff Strategy Sows ConfusionSeveral hasty announcements have injected chaos into the economy and financial markets.
March 03, 2025
Trump Bends Congress to His Will on Tax Cut AgendaHis tax plan, which needs just a simple majority in both chambers, could be enacted as early as May.
March 03, 2025
New Bill Raises Social Security Benefits $2,400 per YearThe bill subjects all income above $250,000, including capital gains, to the Social Security payroll tax.