A billion here, a billion there, and pretty soon you're talking real money."That quote, popularly attributed to Everett Senator Dirksen, who represented Illinois in Congress from 1933 to 1969, almost seems quaint in this current age, where a single federal program can now easily surpass the trillion-dollar threshold.As the country continues to recover from the pandemic, Congress and the administration are actively debating the type and size of additional relief the U.S. requires. A key consideration in determining the size of those packages is how to pay for them, and tax increases have been suggested for at least some of those bills. Unfortunately, some decision makers have put tax increases for family farms in their crosshairs as they seek "reforms." To date, multiple proposals floated by the administration and members of Congress would rely on tax increases on family-owned and -operated farms or changes in how inheritance is treated to fund the increased spending.
展开▼