Recent proposals to eliminate stepped-up basis for inherited assets and increase capital-gains taxes have been challenged by agricultural groups and members of the U.S. Senate Agriculture Committee. The various groups signed and delivered a letter to the chairs and ranking members of the Senate Finance Committee and House Ways and Means Committee this week explaining in-depth how the new policies negatively affect the industry. A professional analysis provided with the letter showed the updates would decrease U.S. GDP by $10 billion annually and cost 80,000 jobs a year. Get more details on the proposed policy changes and risks.
Concerns Persist Over Changes to Inherited Assets and Capital-Gains Policies
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