Latest Breaking News On - Global minimum tax regime - Page 1 : comparemela.com

Legislative Watch: Biden proposes $6 Trillion budget; USDA budget would increase broadband, research and nutrition funding. House Agriculture chairman David Scott, D-Ga., is raising objections with the administration s proposal to eliminate stepped-up basis, saying it cannot be borne by the next generation of farmers taking over the land. Scott wrote in a letter to President Biden, Any increase in inheritance tax for those taking over farm land is untenable and will further strain a farm economy that is just now beginning to recover from the strain of the pandemic.” He continued: In particular, step-up in basis is a critical tool enabling family farming operations to continue from generation to generation. The potential for capital gains to be imposed on heirs at death of the landowner would impose a significant financial burden on these operations. Additionally, my understanding of the exemptions is that they would just delay the tax liability for those continuing t

United statesWhite houseDistrict of columbiaDavid scottNancy pelosiDevelopment capacity for farmersErosion antiSupplemental nutrition program for womenHouse agriculturePresident bidenSpeaker nancy pelosiHouse democraticBudget requestAmerican jobs planAmerican familiesGlobal minimum tax regime