Republicans not confident in Biden’s plans to exempt farms, small businesses from potential tax hikes

Former Office of Management and Budget Director and former White House chief of staff Mick Mulvaney discusses stimulus, unemployment and taxes. 

Republicans are not convinced that President Biden’s plans to shield farmers and small business owners from changes to death taxes are practical –potentially putting millions of family-owned businesses at risk.

A White House official told FOX Business that Biden the American Families Plan will include protections for family-owned businesses and farms so that they do not get hit by the president’s desire to eliminate stepped-up basis.

But California Rep. Kevin Brady, the top Republican in the tax writing House Ways and Means Committee, said he has not yet seen any specific details about including that provision.

“We don’t know that they aren’t serious about including those provisions,” Brady said during a recent gaggle.

Brady added that business owners in the agricultural sector remember similar…

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