Donald Trump made re-famous the phrase — and the concept of — “America First.” By which he meant his presidential policies were intended first and foremost to benefit America and Americans. And they did.
To which most of Washington, DC vociferously objected. All Democrats — and very many Republicans. Because the bipartisan Swamp has spent many decades getting very rich by selling out We the Plebeians. Via very many policies that are rightly described as “America Last.”
Now, Democrats run DC. And pretty much everything they are doing is “America Last.”
All sectors of the US economy are now in DC government’s cross-hairs. And perhaps the most wobbly of all is perhaps the most targeted.
US farmers are already an endangered species. Decades of terrible international trade deals and skyrocketing domestic taxes and regulations have dramatically dwindled their numbers.
Which is — amongst many awful things — awful national security policy. Because before we can do anything else, we gotta eat. Relying on international sources for domestic food isn’t terribly bright. The more domestic food we produce, the more secure our food sources and nation are.
Democrats don’t care. They are assaulting farmers with government in multiple destructive ways.
To wit: Texas A&M University recently released…
Can you guess what the economic impacts on farms are? Hint: They’re not good.
Democrats want to eliminate “stepped-up basis”:
“A step-up in basis is the readjustment of the value of an appreciated asset for tax purposes upon inheritance. The higher market value of the asset at the time of inheritance is considered for tax purposes.
“When an asset is passed on to a beneficiary, its value is typically more than what it was when the original owner acquired it. The asset receives a step-up in basis so that the beneficiary’s capital gains tax is minimized. A step-up in basis is applied to the cost basis of property transferred at death.”
Stepped-up basis readjustment makes a whole lot of sense. For no
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