The Latest News & Research

CNBC: Former Sen. Heidi Heitkamp, a Democrat, says Biden’s plan to tax assets at death would hurt family businesses

Former Democratic Senator Heidi Heitkamp, one of the 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 that this is not a path to walk,” she said in an interview on “Squawk Box.” “The disruption that it would create for small family business and farmers and family assets is not worth the pain.”

Click here to view the full story

VIDEOS

See how taxing unrealized gains could impact American families.

How Taxing Unrealized Gains Impacts Small Businesses

How Taxing Unrealized Gains Impacts Families

What are Unrealized Gains?