The Steubings plan to leave their properties to their daughters when they pass so they can continue the family’s ranching heritage, but Biden’s tax proposals have them extremely concerned that future generations’ inheritances may be gobbled up by taxation. Through his American Families Plan, Biden proposed ending the step up in basis for gains upon death, raising capital gains taxes and deeming death and gifts as transactions, among other changes. If the tax proposals were enacted, it would “destroy” the Steubings’ ranches.

Location: Carrizo Springs, Texas

Family’s ranching heritage at stake in inheritance tax battle

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Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.