Obama to Propose Tax Increases on Investments, Inherited Property

President Barack Obama will call on the new Republican-led Congress to raise taxes on investments and inherited property and to create or expand a range of tax breaks for middle-income families, laying out an opening position in a debate over taxation that both parties see as a potential area of compromise.

Mr. Obama will outline the measures in his State of the Union address Tuesday night. He will propose using revenue generated from the tax