Saturday 22nd November 2025

A U.S. Senator says he is working to keep stepped up basis for farmers and other tax protections.

Senator Jerry Moran of Kansas says he’s pleased the House has not included the removal of stepped up basis in its plans for the $3.5 Trillion dollar budget reconciliation bill because it would be detrimental in handing down farms to the next generation.

“I’m hoping there are enough Senate Democrats that see it that way.

   

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