Ohio Group Joins Fight Against California’s Livestock Regulations

An Ohio group joined the fight against a California proposition that it believes imposes illegal regulations on the pork industry across the country.

The Buckeye Institute, a Columbus-based policy group, filed an amicus brief to the U.S. Supreme Court recently in a case filed by the National Pork Producers Council that challenges California’s Proposition 12, saying it violates the Constitution’s Commerce Clause, which restricts states from regulating commerce outside their borders.

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Farmers Cry Foul over Biden’s Death Tax Proposal

Woman with ball cap on, out in the fields of a farm

President Joe Biden has proposed amending the inheritance tax, also known as the “death tax,” but farmers around the country are raising concerns about the plan.

In the American Families Plan introduced earlier this year, Biden proposed repealing the “step-up in basis” in tax law. The stepped-up basis is a tax provision that allows an heir to report the value of an asset at the time of inheriting it, essentially not paying gains taxes on how much the assets increased in value during the lifetime of the deceased. This allows heirs to avoid gains taxes altogether if they sell the inheritance immediately.

Under Biden’s change, heirs would be forced to pay taxes on the appreciation of the assets, potentially over the entire lifetime of the recently deceased relative. 

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