Subscribe

Republicans attack stock-buyback tax as threat to retirement savings

The provision is part of the Inflation Reduction Act the Senate approved over the weekend and the House will take up this week.

Republican lawmakers accused Democrats of undermining retirement savings with a provision for a stock-buyback tax that is included in climate and health care spending legislation that gained Senate approval over the weekend.

The Senate voted along party lines, 51-50, on Sunday to pass the Inflati

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule

A growing sentiment against restricting employee moves could affect non-solicitation, too.

FPA, CFP Board diverge on DOL investment advice proposal

While the CFP Board supports the proposal, the FPA has expressed concerns about the DOL rule potentially raising compliance costs for members, increasing the cost of advice and reducing access to advice for some.

Braxton encourages RIAs to see investing in diversity as a business strategy

‘If a firm values its human capital, then it will make an investment to make sure that their talent can flourish for the advancement of the bottom line,’ says Lazetta Rainey Braxton, co-CEO of 2050 Wealth Partners.

Bill chips away at SALT block but comes with drawbacks, advisors say

'I’d love to see the [full] SALT deduction come back but not if it means rates go up,' one advisor says.

Former Morgan Stanley broker running for office reviewing $147K award

Deborah Adeimy claimed firm blocked her from running in GOP primary, aide says 'we're unclear how award figure was calculated.'

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print