Items Tagged with 'tax'

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.

WASHINGTON, Nov. 3, 2017 - The House GOP tax bill’s new rules for partnerships and other “pass-through” small businesses, together with new requirements for paying self-employment taxes, could significantly offset some of the legislation’s benefit to farms, experts say.

WASHINGTON, Sept. 24, 2017 - Congressional Republicans will join the White House in rolling out a set of tax reform proposals this week that could have implications for farmers, depending on the mix of tax rates and deductions.

WASHINGTON, June 28, 2017 - The future of a new farm bill is tied up in negotiations over a fiscal 2018 budget bill that Republicans want to pass in order to enact one of their top priorities – tax reform.