Biden’s proposed carbon tax is training wheels for VAT: Norquist

America’s small family farms could be destroyed if Congress passes Biden’s proposed tax change plan, said Grover Norquist, president and founder of Americans for Tax Reform. Tucked away in Biden’s American Families Plan is the elimination of a step-up in basis tax benefit on appreciated assets like farms.
“There’s the normal inheritance tax that the Democrats want to push higher as well as wanting to end the step-up in basis, which was put in a hundred years ago to protect family farms from being crushed every generation,” Norquist said. “The Democrats actually took that protection away in 1976, but put it back in 1980 because it was unworkable. Biden saw eliminating the step-up in basis fail, and he decided to get rid of it again. It’s a very bad decision.”
Norquist spoke to Michelle Makori, editor-in-Chief of Kitco News, at FreedomFest 2021 in Rapid City, South Dakota. (show less)

America’s small family farms could be destroyed if Congress passes Biden’s proposed tax change plan, said Grover Norquist, president and founder of Americans for Tax Reform. Tucked away in Biden’s American Families Plan is the elimination of a step-up in basis tax benefit on appreciated assets like farms.
“There’s the normal inheritance tax that the Democrats want to push higher as well as wanting to end the step-up in basis, which was put in a hundred years ago ... (read more)

Freedom Fest 2021

Freedom Fest 2021
The Ultimate Summit for the Liberty MovementFreedomFest is an intense three and a half days, and it’s different from any conference you have ever attended. Where else can you attend yoga in the morning, listen to world-renowned speakers on finance or geo-politics after breakfast, choose from among a dozen breakout sessions with the world’s brightest thought leaders in the afternoon, watch a movie (and meet the director) throughout the day, judge the contestants in an Entrepreneurs’ Competition, and end the day with karaoke? Plus, this year, you can choose to join a number of official excursions to world-famous destinations of Mount Rushmore, Crazy Horse, and Deadwood with other FreedomFesters.

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