Source: Tyne Morgan, AGWEB, 4/1/21


A new tax change proposal could directly impact family farmers across the country. A group of Senate democrats – including Elizabeth Warren, Mass.; Chris Van Hollen, Md.; Cory Booker, N.J.; Sheldon Whitehouse, R.I.; and Bernie Sanders, I-Vt. – introduced the plan Monday that would tax additional assets at death. The Senate democrats say the Sensible Taxation and Equity Promotion Act – or STEP Act- would get rid of the step-up in basis and the capital gains of unsold assets – like stocks – at death.

For more of this story, click here.