Biden’s proposed inheritance tax changes would destroy small American farmers: Norquist

America’s small family farms could be destroyed if Congress passes Biden’s proposed tax change plan, said Grover Norquist, president and founder of Americans for Tax Reform. Tucked away in Biden’s American Families Plan is the elimination of a step-up in basis tax benefit on appreciated assets like farms.

“There’s the normal inheritance tax that the Democrats want to push higher as well as wanting to end the step-up in basis, which was put in a hundred years ago to protect family farms from being crushed every generation,” Norquist said. “The Democrats actually took that protection away in 1976, but put it back in 1980 because it was unworkable. Biden saw eliminating the step-up in basis fail, and he decided to get rid of it again. It’s a very bad decision.”

Norquist spoke to Michelle Makori, editor-in-Chief of Kitco News, at FreedomFest 2021 in Rapid City, South Dakota.
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit

Follow us on social media:
Facebook –
Twitter –
StockTwits –

Live gold price and charts:
Live silver price and charts:

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

The Article That Says Yes, Not Maybe Or No

“Wherever the universe takes me that is productive, I will go. If not, I just found out one more way that will not work, and since there is always an ultimate answer or solution, I will not quit.” That is a modified Thomas Edison quote that defines my reality to a tee. When I think of reality, I think of the ultimate process of deduction until the goal is achieved, really.

How to Convert a Prospective Cosmetic Patient

Too much time between when the caller reached out to you and when they can visit you is dangerous. They can easily continue to research your competitors who can accommodate the caller’s schedule better or talk to their friends who talk them out of it and so on.

A Guide for Cannabis Businesses to Avoid Shadowban and Effectively Market on Social Media

Enhancing brand visibility is no child’s play. Content creators need to roll up their sleeves and work diligently to ramp up their social media presence. However, in doing so, they also need to follow certain rules to ensure that their posts do not clash with the community guidelines of various social media channels. Instagram is hands down one of the most widely used social media outlets to enhance their reach and bolster their image. Indeed, a well-established presence on this platform can work wonders for a business.

Why Quality Leaders Never SETTLE For Good – Enough?

Although, many individuals, either, are elected, selected, and/ or, ascend to positions of leadership, only, a very – small percentage, of them, actually, become, true, quality leaders! Although, many factors and causes, are involved, one significant one is, while some SETTLE for good – enough, the finest ones, always, demand their utmost degree of personal excellence! After, over four decades of personal involvement, in nearly, everything, related to effectively, leading, from identifying and qualifying, to training, developing, and consulting to thousands of actual, and/ or, potential leaders, I’ve come to strongly believe, while many assets, can be taught, and trained, in many…

Coronavirus: Everything You Need to Know

Coronavirus belongs to a family of viruses that may cause a variety of diseases in humans. Basically, this virus is just like the common flu that shows up in the form of several serious illnesses like pneumonia. The coronavirus, aka COVID019, causes severe lung disease in a lot of people across the world.