Senate Finance Committee

President Biden’s nominee for Treasury’s tax policy chief got asked this week about the Administration’s proposal to end the stepped-up basis on family farms and replace it with a capital gains transfer tax. “In terms of the treatment of family farms and businesses, as I understand it, reading the proposal, it would delay any tax due for any family farms and businesses until it was no longer owned

Senator Chuck Grassley expects another coronavirus aid package, despite a surprisingly good jobs report last week and recoveries in a variety of ag sectors. The Chairman of the Senate Finance Committee said the price of corn is still way down, which could be offset some by renewed economic activity ...

Senator Chuck Grassley says Congressional approval of USMCA could still happen this year, but it would need to be a rush job.  Grassley, chairman of the Senate Finance Committee said USMCA ratification could still happen by Christmas, despite just 15 legislative days left when both chambers are in session, and, as he put it an apparent lack of interest from House leaderships.  Hi...