Senator Mike Crapo

@MikeCrapo ↗

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Last Checked Sept. 26, 2021

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Tue Jul 13 19:55:12 +0000 2021

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Senator Mike Crapo @MikeCrapo

Consumer price inflation is effectively a tax on everyone, including those earning under $400,000, who the President has vowed to protect from tax hikes. — PolitiTweet.org

Posted July 13, 2021

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Senator Mike Crapo @MikeCrapo

Massive additional federal spending, as the economy continues to reopen from the pandemic, threatens a persistent continuation of high inflation. — PolitiTweet.org

U.S. consumer prices rose 5.4% in June from a year ago, keeping inflation at the highest annual rate in 13 years as… https://t.co/SssEanr3Su

Posted July 13, 2021

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Senator Mike Crapo @MikeCrapo

The step-up in basis for inherited assets subject to the estate tax is not a ‘loophole’ & has been law for decades. The Administration’s proposal to double-tax capital gains at death & eliminate the benefit of stepped-up basis would devastate farmers and family-owned businesses. — PolitiTweet.org

Posted July 14, 2021