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Pelosi on 'Billions of Dollars' of U.S. Military Weaponry Left for Taliban: That's 'What Happens When You Withdraw'

Pelosi on 'Billions of Dollars' of U.S. Military Weaponry Left for Taliban: That's 'What Happens When You Withdraw'
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Ernst Blasts Biden's New Tax Hike on Family Farmers, Businesses – Mix 107.3 KIOW


investments should not be borne by family-owned businesses, farms, and ranches across the
country. We are concerned that your American Families Plan proposes to make drastic changes
to the taxation of capital income, including a longstanding tax provision that prevents familyowned businesses, farms, and ranches from being hit with a crippling tax bill when a family
member passes away.
Under current law, passing down a family business to the next generation does not impose a
capital gains tax burden on the business or its new owners. Rather, the decedent’s tax basis in the
business is “stepped-up” to fair market value, preventing a large capital gains tax bill on the ....

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