Proposal would link inflation, capital gains
Legislation floated last month aims to take inflation into consideration when it comes to long-term capital gains.
Bill revives bid to penalize tax-shelter promoters
A new Senate bill revives past efforts to impose tougher penalties on people who promote offshore tax havens and abusive tax shelters.
Minimum-wage boost included in Iraq-spending bill
A minimum-wage increase and small-business tax breaks were included in the Iraq-spending bill, HR 1591, which the Senate approved last week.
Push for AMT relief grows
Yet another bill aiming to rein in the effect of the alternative minimum tax recently was introduced.
Securities-reporting measures reappear
Companion bills renew a past congressional attempt to make it harder for taxpayers to avoid paying capital gains taxes on certain investments.
Social Security changes sought
A House bill recently introduced revives past congressional efforts to create private Social Security accounts for workers.
Bill would create long-term-care accounts
A bill to create long-term-care trust accounts recently was introduced.
Repeal sought for insurance antitrust exclusion
Companion bills recently introduced would repeal a 1945 act that effectively excludes the insurance industry from federal antitrust regulations.
Measure targets estate tax, temporary tax breaks
A House bill sitting in committee aims to repeal the estate tax and make certain temporary tax cuts permanent.
Mutual fund tax measure back on table
A House bill recently introduced would let mutual fund investors defer taxation of reinvested capital gains until shares are redeemed.