Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Bill Raises Social Security Benefits $2,400 per Year
By Melanie WaddellThe bill subjects all income above $250,000, including capital gains, to the Social Security payroll tax.
February 21, 2025
Bill to Halve Estate, Gift Tax Is BackIt's a big drop, but the bill wouldn't substantially reduce tax revenue, says Jeff Bush.
February 21, 2025
Debate: Should Income Restrictions on Roth IRA Contributions Be Eliminated?Taxpayers can use a “backdoor” strategy of funding a traditional IRA and converting those funds to a Roth.
February 21, 2025
Senate Budget Vote Leaves Hurdles For Trump Tax Cuts, Debt LimitThe Senate voted 52 to 48 to adopt a budget that would permit $340 billion in new spending.
February 20, 2025
What Trump’s Tax Policies Could Mean for ClientsSeveral proposals could affect planning priorities for the near and long term.
February 18, 2025
John Hancock CEO Tells Congress About Helping People Live LongerLawmakers overseeing Medicare and Medicaid are keenly interested in keeping claims down. Brooks Tingle has some ideas.
February 14, 2025
Ed Slott: Roth Conversion Changes in Trump Tax-Cut Law Are Here to StayThe 2017 tax changes may have an expiration date, but the Roth recharacterization limits do not.
February 12, 2025
Bill to End Taxes on Social Security Benefits Is BackThe Senior Citizens Tax Elimination Act would repeal the inclusion of Social Security benefits in gross income.