Balanced Reporting. Trusted Insights. Sunday, August 01, 2021

Items Tagged with 'stepped-up basis'

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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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Mike Conaway and Kevin Brady

Republicans wrestle with estate tax repeal

WASHINGTON, Oct. 25, 2017 - Congressional Republicans are preparing to roll out a package of tax cuts with hopes of pushing the bill through at least the House by Thanksgiving. There is no higher priority this Congress for the GOP. Republicans see passing tax cuts as vital to their chances of maintaining control of Congress in 2018.
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