Tax proposals could threaten family farms

tax proposals

The Biden administration’s plan to finance its massive spending proposals by broadening the application of capital gains taxes and repealing stepped-up basis provisions poses a serious threat to the long-term viability of family farms, according to the American Farm Bureau Federation (AFBF).

“Family farms persevere through the challenges of unpredictable, damaging weather and volatile markets. But what threatens their viability as much as any business challenge is the ability to pass...

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