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CORN GROWERS WELCOME STEPPED-UP BASIS DEFENSE
National Corn Growers Association (NCGA) reports:

U.S. House Agriculture Committee Chairman David Scott (D-GA) sent a letter yesterday to President Biden expressing his concerns to proposed changes in tax policy that would eliminate the stepped-up basis provisions used by farmers. The letter resulted from a conversation Chairman Scott had with the Corn Board last month on taxes and other priorities.

"We appreciate Chairman Scott's leadership on preserving the stepped-up basis protections in the tax code for America's corn farmers and stand ready to help him defend our farms and families from harmful taxation," said NCGA President John Linder.


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