On the recordMay 12, 2021
Mr. President, Washington has been on a dizzying spending spree over the past couple of months, passing trillion-dollar bills right and left. It is nearly impossible to calculate the total cost. And now, President Biden and the Democrats in Congress are proposing several trillion dollars in even more spending. With tax day approaching on May 17, the time has come to pay the bills for all of these government giveaways. And guess who will be forced to pay for it? Well, of course, it is the American people. Right now, Democrats are hoping to finance their ongoing spending splurge by increasing taxes on hard-working Americans across this country. One of the key tax hikes included in the President's so-called American Families Plan would hit farm families especially hard. The Biden proposal would eliminate a protection that allows Iowa farm families to pass down their assets to the next generation without a tax penalty. The Farm Bureau says the end result would be a significant tax increase on our farmers and ranchers. This is the last thing the ag sector needs as they continue on their economic recovery. While hiking taxes on our farmers who help feed and fuel our Nation every single day, my Democratic colleagues also want to give a tax break to high-income coastal elites. And don't just take my word for it.…





