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Use of like-kind exchanges could be at risk under Biden tax plan

Use of like-kind exchanges could be at risk under Biden tax plan Under Biden s proposal, future Section 1031 exchanges could be used to defer taxes on gains of no more than $500,000, a cap that would fall particularly hard on states such as California, Illinois and Iowa that have relatively high farmland values. Written By: Philip Brasher / Agri-Pulse Communications | 9:49 am, May 13, 2021 × Like-kind exchanges typically work like this: A farmer who sells a piece of property and then buys a second piece of property doesn’t have to pay capital gains on the first tract until the second one is sold, and the farmer won’t owe any taxes if he or she dies without selling the second tract. (Agri-Pulse photo)

John Deere tractors are hot, but company struggles to hire in Iowa

Economists are puzzled by the hiring problems that John Deere, long one of Iowa s premier employers, is having at a time when thousands are unemployed

Biden s American Rescue Plan unemployment-benefit extension making it difficult to find workers, employers say

Robert Wolf, former Obama economic adviser, and Fox News contributor Sean Duffy debate the state of the economy as many businesses struggle to find employees. Some U.S. small business and restaurant owners claim President Biden s unemployment benefit extension is making it difficult to hire new workers. The president s American Rescue Plan included a $300-per-week unemployment-benefit extension through September of 2021 despite concerns from Republicans that the benefits may be holding Americans back from finding new employment opportunities. Nationwide, employers say they are competing with the government for workers. New York Buddy Foy Jr., 50, owns two restaurants with his wife – one in Bolton Landing, New York, called The Chateau on The Lake and one in Holmes Beach, Florida, called The Chateau Anna Maria, which opened in December amid COVID-19. 

Everybody wants a John Deere tractor But not everybody wants a John Deere job Why?

Everybody wants a John Deere tractor But not everybody wants a John Deere job Why?
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