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House tax proposal would close door on popular back-door Roth IRA conversions
The Ways and Means Committee approved $2.3 trillion in tax hikes to pay for the Biden administration's sweeping social and climate spending plan.
Advisers express relief at tax increases proposed in budget bill
The House Ways and Means proposal does not include taxing unrealized capital gains on inherited assets and the hike it suggests in the capital gains tax rate is not nearly as big as some feared.
Biden tax rule would take billions from biggest fortunes at death
Ending the step-up in basis and raising the capital gains tax rate would amount to the biggest curb on dynastic wealth in decades.
Political reality is likely to curb, not stop, Biden’s proposed tax increases
Narrow Democratic majorities in the House and Senate provide plenty of political obstacles that could impede the president's tax plan.
