Banco Popular de Puerto Rico

If passed, the package would end the step-up in basis provision, which will mean significantly larger tax bills for wealthy estates.

The actively managed offering will be available as soon as this summer, according to sources familiar with the plans.

JPMorgan’s CEO said in a memo that he expects “all U.S.-based employees will be in the office on a consistent rotational basis” by early July.

Residential property owners are the most likely to be impacted by proposed changes in the administration’s American Families Plan.

The administration's plan would eliminate a break that allows heirs to use the market value of assets at the time of a transfer, rather than the actual purchase price.

The administration’s American Families Plan includes a bump in the top tax rate to 39.6%, but doesn’t specify thresholds for different types of filers.

The new rate, up from the current 37%, would encompass less than 1% of taxpayers, a White House official said.

The prospect of going back to the daily grind is going to be “a really tough pill for a lot of people to swallow,” an expert suggests.

While some jobs such as trading are more suited for an office setting, CEO Bill Stromberg says technology and programming roles can be better handled remotely.

A version of the administration's plan to close the step-up in basis loophole was floated by President Obama in 2015, but it died in a Republican-controlled Congress.