Some rich people say Democratic lawmakers in Washington state are barreling toward a first-in-the-nation wealth tax on financial holdings on top of a recently added capital-gains tax.

The ability to pass on pensions and businesses mostly tax free will soon be gone, leaving the prospect of tax at as much as 40% and the unappetizing possibility of forced asset sales or the breakup of a business to cover the potential costs.

A simmering tension in the crypto industry resurfaced after President Donald Trump signed a long-awaited order creating a strategic bitcoin reserve and an additional stockpile of other digital assets, even as crypto executives issued effusive social media posts praising the move.

A state senator has introduced a bill that would bar private equity and hedge funds invested in a physician or dental practice from interfering with the professional judgment of physicians or dentists in making health care decisions.

Lutnick, President Donald Trump’s nominee to lead the Commerce Department, detailed his wealth and influence across hundreds of firms.

Tax cuts, tariffs and deregulation will be key focuses for Republican lawmakers next year after President-elect Donald Trump’s decisive victory coupled with Republicans flipping control of the Senate and potentially retaining control of the House.