Coalition Brings Up Agriculture Industry Concerns to Congress

The Family Business Estate Tax Coalition recently sent a letter to Congress regarding the legislation proposed by President Biden that would increase capital-gains taxes and eliminate the stepped-up basis for inherited assets. Author Chris Clayton penned a helpful overview of the situation in an article for Progressive Farmer. The Coalition argues that the new legislation would have a large negative impact on both farm estates and the agriculture and forestry industries. For more details, click here to read the article in full.