Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Fixing Social Security Starts With a Visit to Townsville
By Allison BellAn American Academy of Actuaries simulation shows users how the program's finances work.
March 10, 2023
12 Tax Changes in Biden's $7T BudgetOne shift would mean the richest taxpayers would pay a 44.6% rate on investment income and other earnings.
March 09, 2023
Biden Unveils $6.9T Budget, Sets Up Showdown With GOPThe proposal asks lawmakers to bolster the social safety net through a flurry of new taxes on the wealthy and corporations.
March 09, 2023
Nikki Haley Calls for Raising Retirement AgeHaley also suggested in a speech that benefits for wealthy retirees should be limited.
March 09, 2023
Biden to Push for 25% Billionaire Tax, Capital Gains Hike on RichThe proposal would nearly double the long-term capital gains rate for investors earning $1 million or more.
March 07, 2023
New Bill Would Change Social Security Claiming Age TerminologyAlso, future Social Security beneficiaries would receive more statements in the mail.
March 07, 2023
Biden Proposes Tax Hike on Income Over $400K to Fund MedicareThe president's budget also proposes the ending of a tax loophole used by business owners and higher earners.
March 02, 2023
Senate Panel OKs Veterans Long-Term Care BillS. 141 would promote efforts to increase the percentage of veterans getting care at home.