Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Bill Would Repeal Estate Tax, Keep Step-Up in Basis
By Melanie WaddellA bill allowing "both income tax and estate tax elimination" will never pass, says Ed Slott.
January 11, 2023
The IRS Needs Billions to Make TrillionsUnderfunding the Internal Revenue Service allows scofflaws to go unpunished and will increase the budget deficit.
January 11, 2023
Will Secure 2.0 Increase Long-Term Care Insurance Sales?One provision in the law will allow people to tap individual retirement accounts or 401(k) plans to pay for LTCI coverage.
January 11, 2023
Secure 2.0 Is Here, but Expect a Slow RolloutSome of the changes mandated in the law may take years to materialize — if they ever do.
January 11, 2023
House Votes to Strip IRS Funds Intended to Catch Tax CheatsThe provisions call for $80 billion to be spent to boost auditing, customer service and computer systems.
January 09, 2023
NASAA Plans 2023 Push for Bad Actors DatabaseState securities regulators want Congress to pass a bill requiring the creation of a fraudster database.
January 09, 2023
'Let's Fight Now' Over Debt Ceiling, House GOP Lawmaker SaysChip Roy says Republicans will not touch Social Security or Medicare benefits.
January 05, 2023
California to Reality-Check $144K Public Long-Term Care Benefits PackageThe proposed LTC program could pay for care both inside and outside Of the state.