Ag Secretary Tom Vilsack met with farmers concerned about the impacts of capital gains tax issues proposed by the administration. Fourth-generation crop farmer Jeanie Igl is worried how her family’s 2,600-acre farm would continue if it were required to pay capital gains tax increases and lose stepped-up basis protections, “If we have a $2 million capital gains bill, that’s going to put the farm in jeopardy,” she says.
During his visit to the Michigan farm, Secretary Vilsack tells Brownfield family farms will be protected.
