Legislative Watch: Biden proposes $6 Trillion budget; USDA budget would increase broadband, research and nutrition funding. House Agriculture chairman David Scott, D-Ga., is raising objections with the administration's proposal to eliminate stepped-up basis, saying it "cannot be borne by the next generation of farmers taking over the land." Scott wrote in a letter to President Biden, "Any increase in inheritance tax for those taking over farm land is untenable and will further strain a farm economy that is just now beginning to recover from the strain of the pandemic.” He continued: "...