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House Ag debates spending plan, Dems rebuff GOP attacks over stepped-up basis

09/10/21 10:21 PM By Philip Brasher and Steve Davies
KEYWORDS agricultural research Build Back Better capital gains tax David Scott glenn thompson House Agriculture Committee inheritance taxes renewable energy rural development transfer tax wildfires
The House Agriculture Committee debated $66 billion in new spending for agricultural research, renewable energy and forestry over strenuous objections of Republicans, who used the deliberations to highlight President Joe Biden’s proposal to increase taxes on inherited assets.
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