Balanced Reporting. Trusted Insights. Saturday, September 25, 2021

Items Tagged with 'estate tax'

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Joe Biden

Biden wants new taxes on inherited assets, promises to shield farms

President Joe Biden wants to impose capital gains taxes on inherited assets, with promised protections for farms and other family-owned businesses that continue in operation. The change would help pay for a $1.8 trillion package of social benefits, including expanded child nutrition assistance, health insurance subsidies and free community college.
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Joe Biden and Kamala Harris

Taxes could complicate Biden infrastructure push

President Joe Biden and congressional Democrats are readying their next big legislative push for a $2 trillion infrastructure package that he wants to pay for with corporate tax increases, which likely will make the measure a non-starter for Republican lawmakers and many farm groups.
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