Senator Mike Crapo

@MikeCrapo ↗

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Last Checked Sept. 27, 2021

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Wed Jul 14 15:53:56 +0000 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

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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

Many could be forced to sell portions of their farms & businesses just to pay the tax bill. Even those with minimal or negative wealth could be stuck with a significant tax bill. https://t.co/nGxcWVkkdr — PolitiTweet.org

Posted July 14, 2021