Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
House Passes Tax Bill With 100% Bonus Depreciation
By Melanie WaddellThe bill also expands the Child Tax Credit as well as research and development expensing.
January 30, 2024
U.S. Faces 'Death Spiral' of Swelling Debt"Black Swan" author Nassim Nicholas Taleb says the deficit is reaching a point where the damage would take a miracle to reverse.
January 30, 2024
6 Things to Know About the Bill to Repeal Tax on Social SecurityAnalysis shows that the You Earned It, You Keep It Act could actually reduce the federal debt.
January 29, 2024
New Bill Repeals Social Security Tax, Raises Cap on WealthyIt would "be fully paid for by raising the cap for individuals earning more than $250,000 annually," said Rep. Yadira Caraveo.
January 29, 2024
Tax Bill With 100% Bonus Depreciation May Get House Vote This WeekIt also expands the small business expensing cap, increasing the immediate write-off to $1.29 million.
January 28, 2024
Calling Clients About Life and Annuities? There Are Laws for ThatThe penalty for a violation can range from $500 to $20,000.
January 24, 2024
Senator Probes Medicare Plan Distributors on Marketing TacticsSen. Ron Wyden, the finance chair, wants to know how much leads cost and how users vet them.
January 23, 2024
Debate: Would This HSA Expansion Bill Help Taxpayers?Legislation would increase contribution limits while also allowing employers to fund individual accounts in lieu of offering coverage.