Former North Dakota Senator Heidi Heitkamp is chairing a new group called Save America’s Family Enterprises. This coalition is focused on the tax proposals being promoted in the budget reconciliation bill on Capitol Hill. “The provisions that have received I think the greatest amount of criticism across the board in a bipartisan way are where unrealized capital gains would be subject to direct taxation at transfer.” Heitkamp says family farmers are put at risk with this proposal. “From a cash flow standpoint, you can be property rich and cash poor and that creates huge amounts of stress on the amount of investment you can put into the family farm.”
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