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Budget & Tax News

Delivered Monthly Download the Latest Issue (PDF)

Education

June 26, 2019

Sen. Cruz Calls for Expansion of Education Savings Plans

The SECURE Act retirement bill passed unanimously by the House Ways & Means Committee included the provision, but the language was stripped out of the bill before passage by the House.

Regulation

June 25, 2019

Consumer Financial Protection Bureau Considers Repealing Payday Loan Rule

Under the rule’s Mandatory Underwriting Provisions, payday lenders would have to confirm their borrowers’ ability to repay short-term loans.

Taxes

June 24, 2019

Illinois Senate Passes Progressive Income Tax (Hike) Amendment

A proposed constitutional amendment that would remove the requirement for a flat income tax structure from the state’s constitution.

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