Job Loss Example Due to Repeal of Step-Up Of Basis
Contact Your Member of Congress - It Only Takes A Minute A significant portion of the burden of repeal of step-up of basis would fall on workers through reduced labor productivity, wages, and employment. Please Take Action Today Policy and Taxation Group is your voice...
Economic Impact from Repeal of Step-up in Basis
Contact Your Member of Congress - It Only Takes A Minute President Biden has proposed the elimination of the “step up in basis,” while keeping the 40% (or higher) estate tax on the full value of a family business owner’s assets. That means that each person who...
Reach Out To Congress: Ask Them To Sponsor The Estate Tax Rate Reduction Act of 2021
Contact Your Member Of Congress There are efforts in DC to make the estate tax (death tax) worse; higher than a 40% tax on your business and all your assets! But there is hope; a bill to reduce the rate of tax from 40% to 20% has been introduced in the House HR 3178...
Update on Biden Administration FY22 Budget Request & Treasury “Green Book”
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. The Biden Administration this afternoon released its FY22 Budget Request. The proposal, which is estimated to cost more than $6 trillion, would dramatically expand the size and...