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Biden inheritance tax plan would hurt family firms

Former Sen. Heidi Heitkamp, one of the Democratic Party's leading voices on tax policy, said President Joe Biden's proposal to tax appreciated assets upon death would hurt family farms and family-owned businesses."I'm trying to sound the alarm, both economically and politically, for Democrats...

Is it time to plan those big trips abroad?

Reynisfjara is a world-famous black-sand beach located on the south coast of Iceland.Luis Cagiao Photography | Moment | Getty ImagesIceland has been a focal point of my wanderlust for the better part of two years.The country is a dreamscape of natural beauty: the...

Chinese real estate developer Kaisa announces debt restructuring plan

Kaisa Group Holdings Ltd.'s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as...

Kevin O’Leary on U.S. build back better plan, inflation, hyperinflation

Voters in the U.S. are "pissed" about inflation and the Democrats are going to have a difficult time at next year's midterm elections, celebrity investor Kevin O'Leary told CNBC on Tuesday."People are pissed," he told CNBC's "Capital Connection.""They're pissed about inflation, I don't have a...

Billionaires may be spared big IRA tax bill in Build Back Better plan

Peter Thiel, the billionaire co-founder of PayPal.John Lamparski | Getty Images Entertainment | Getty ImagesDemocrats seem to have spared wealthy Americans like billionaire tech mogul Peter Thiel from big tax bills on their vast Roth retirement savings in legislation unveiled this week.That break...