Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Will $80B Solve the IRS's Problems?
By Tyler CowenThere are some complicated issues involved with the agency's new budget boost.
August 17, 2022
Stock Buyback Tax Is a 'Silly Mistake': Charles EllisThe strategist also shares his views on the value of index funds and why "almost everybody needs a financial advisor."
August 17, 2022
6-Month Timeline for IRS Plan to Target Tax Cheats: YellenNone of the funds will be used to increase enforcement tied to those earning under $400,000 a year, according to a memo.
August 16, 2022
Biden Signs $437B Tax-Climate BillIt injects $80 billion into the IRS and imposes a 15% minimum tax on large corporations and a 1% excise tax on stock buybacks.
August 15, 2022
Senate Finance Chair Asks Blackstone Unit for Private Placement Life DetailsSen. Ron Wyden says wealthy families might be using PPLI to cut taxes, without a genuine insurance purpose.
August 12, 2022
House Sends Biden Landmark Tax, Health, Climate Bill to SignThe Inflation Reduction Act passed the House late Friday on a party line 220-207 vote.
August 12, 2022
The Inflation Reduction Act's Impact on Your Client's Bottom LineThe act, being voted on Friday, would raise taxes on some corporations, reduce drug costs and tackle climate change.
August 12, 2022
What Democrats, Republicans Think of 12 Parts of the Inflation Reduction ActPublic policy researchers found much common ground in the legislation among Americans across the political spectrum.