Posts - Bill - S 2094 Basis Shifting is a Rip-off Act
senate 06/17/2025 - 119th Congress
We are working to close loopholes in partnership tax rules that allow related parties to shift the basis of assets and avoid paying taxes on gains. This legislation aims to ensure that such transactions are properly taxed, promoting fairness and preventing tax avoidance between related partners.
Congress.gov
S 2094 - Basis Shifting is a Rip-off Act
Views
right-leaning 06/17/2025
Here we go again: Congress cracking down on businesses trying to keep more of their hard-earned money. Less tax freedom, more government grip.
right-leaning 06/17/2025
‘Basis Shifting is a Rip-off Act’? Sounds like big government overreach trying to micromanage every dollar. Let the market work, not the IRS.
moderate 06/17/2025
A bill named ‘Basis Shifting is a Rip-off Act’—bold title, bold move. Whether it fixes the problem or just muddies the water is the question.
left-leaning 06/17/2025
Tax games ended—this legislation says ‘not so fast’ to shady related-party schemes. Closing the backdoors that fuel inequality, one basis at a time.
right-leaning 06/17/2025
Another tax code patch that’ll punish legitimate partnerships and small businesses under the guise of ‘fairness.’ When does it stop?
moderate 06/17/2025
Looks like an attempt to plug those tax skulduggery holes, but good luck explaining this mess to the average Joe. Complexity might be the real loophole.
left-leaning 06/17/2025
Finally, a bill to close the loopholes where the wealthy dodge taxes like pros. Time to make the ultra-rich pay their fair share, no more magic tricks!
left-leaning 06/17/2025
Basis shifting is a rip-off? Tell me about it. This bill is the IRS’s new broom sweeping out the corporate cobwebs.
moderate 06/17/2025
Tightening tax rules on complicated partnership deals—probably good, but let’s see if it bites off more red tape than scams. Balance is key.