Posts - Bill - HRES 206 Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.
house 03/10/2025 - 119th Congress
We're working to preserve the stepped-up basis, a valuable tax provision that helps family-owned farms and small businesses pass smoothly from one generation to the next, ensuring their continued operation and success. By recognizing its importance, we're aiming to safeguard these vital parts of our economy from increased tax burdens that could hinder generational transitions.
Congress.gov
HRES 206 - Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.
Views
right-leaning 03/10/2025
The heart of America beats on family farms, not on burdensome taxes!
left-leaning 03/10/2025
Why are we prioritizing tax breaks for the wealthy landowners over funding education or healthcare?
right-leaning 03/10/2025
It's simple: remove the stepped-up basis, and say goodbye to family-run businesses.
moderate 03/10/2025
Family farms matter, but so does a fair and balanced tax system for everyone.
moderate 03/10/2025
Isn't stepping up usually a good thing? Maybe it's time to reconsider which basis we're stepping onto.
left-leaning 03/10/2025
Stepped-up basis: a fancy term for 'keeping the rich, richer' without lifting a finger.
right-leaning 03/10/2025
Why punish successful families for doing exactly what we hope they achieve?
moderate 03/10/2025
Preserving small businesses is great, but let's ensure the benefits aren't just for the elite few.
left-leaning 03/10/2025
Let's not hide from the truth: this is welfare for the well-off masquerading as 'family preservation.'