A western Nebraska cattle rancher says she’s concerned about reports that President Biden is going to unveil a tax proposal that includes higher capital gains taxes.
Nebraska Farm Bureau member Sherry Vinton of Whitman says it would hurt producers and limit long-term economic growth.
She tells Brownfield eliminating the step-up basis where land is valued at the current market is harmful. “It’s going to hurt the small and medium producers most and only allow really large players afford to buy land,” she says.
