Source: Chris Clayton, PROGRESSIVE FARMER, 9/1/21


The White House Press Office on Tuesday sent out an analysis of its plan to tax wealthy Americans released by the liberal think tank, the Center for American Progress, that seeks to counter claims that President Joe Biden's tax plans would harm family farmers and small businesses. For months Republicans and farm groups have criticized Biden's plan to increase capital-gains taxes and limit stepped-up basis on untaxed assets, citing that the proposals would hurt family farmers passing down the farm to heirs.

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