WASHINGTON â A group of 13 House Democrats, led by Iowaâs Cindy Axne and Californiaâs Jim Costa, is pressing party leaders to exempt family farms from a tax increase President Joe Biden has proposed on inherited assets to help pay for new child care, education and other spending.
Under Bidenâs $1.8 trillion package of family-related assistance, heirs would no longer receive âstepped up basisâ for capital gains tax purposes, which resets the value of inherited property to the date of death. Instead theyâd be liable for the tax on the full appreciation in value from the time the original owner purchased the assets, in some cases many decades earlier.
Marooned at Mar-a-Lago, Trump still has iron grip on Republicans
9 May, 2021 08:47 PM
9 minutes to read
In the Republican Party, objecting to former President Donald J. Trump carries little political incentive and a steep price. Photo / Erin Schaff, The New York Times
In the Republican Party, objecting to former President Donald J. Trump carries little political incentive and a steep price. Photo / Erin Schaff, The New York Times
New York Times
By: Lisa Lerer
The vilification of Liz Cheney and a bizarre vote recount in Arizona showed the damage from his assault on a bedrock of democracy: election integrity. Locked out of Facebook, marooned in Mar-a-Lago and mocked for
Phoenix bishop warns of deadly apathy of silence on pro-abortion Catholic politicians – Catholic World Report catholicworldreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from catholicworldreport.com Daily Mail and Mail on Sunday newspapers.
7 May 2021
A New York political magazine this week named Rep. Sean Patrick Maloney (D-NY), chair of the Democratic Congressional Campaign Committee (DCCC), one of its “biggest losers” of the week on Thursday after financial disclosures revealed the congressman had spent thousands in campaign funds on travel expenses while telling his constituents to stay home.
City & State, a weekly political and government magazine, said the “optics” of him using the funds for travel, specifically after telling his constituents to stay home because of the Chinese coronavirus, were “a little sketch.”
“Do as he says, not as he does,” the magazine wrote.