Senator Mike Crapo

@MikeCrapo ↗

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Last Checked Nov. 15, 2021

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Wed Aug 25 21:10:03 +0000 2021

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Senator Mike Crapo @MikeCrapo

Today, family businesses passed down at death are subject only to estate tax and not an additional income tax. Instead, a business’s tax basis is increased or “stepped up” to fair market value, sparing the next generation a large capital gains tax bill. — PolitiTweet.org

Posted Aug. 25, 2021

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Senator Mike Crapo @MikeCrapo

I recently spoke with @HolmesJosh about some of the international tax policies in the Democrats’ reckless tax and spending proposal. Listen to our discussion here: https://t.co/peeazvOdpq — PolitiTweet.org

Posted Aug. 25, 2021

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Senator Mike Crapo @MikeCrapo

Democrats want to create a double death tax by eliminating the benefit of this step-up in tax basis, including for small businesses, farms and ranches passed down from one generation to the next at death. My friend @SenJohnThune explains it well: https://t.co/wV0cooJKhV — PolitiTweet.org

Posted Aug. 25, 2021