Executive compensation programs provide tax advantages that help corporations hire and retain talent. As the Biden Administration and the 117th Congress look for more revenue-raising opportunities, we expect the general push will lean toward cutting back on these tax advantages. This legislative trend is already underway. The recently enacted American Rescue Plan (COVID-19 relief package) included a change to Internal…
In my last blog, I outlined some of the key provisions of the Neal-Brady bill — aka, the SECURE Act 2.0. In today’s post, let’s look at what retirement legislation may develop beyond Neal-Brady, now that the Democrats control the White House, House of Representatives, and the Senate. Recently, House Ways and Means Committee Chairman Richard Neal (D-MA), co-author of…
Last year, Congressmen Richard Neal (D-MA) and Kevin Brady (R-TX) introduced the Securing a Strong Retirement Act of 2020, also known as the Neal-Brady bill. Since the proposed legislation builds on the 2019 Setting Every Community Up for Retirement (SECURE) Act, Neal-Brady has also been dubbed “SECURE ACT 2.0.” With Democratic control of the White House, Senate, and House of…