Biden’s proposed American Families Plan promises billions to families with children but imposes large increases in farm transfer taxes.
President Joe Biden’s proposed American Families Plan promises billions to families with children. But paying for it could have a devastating impact on family farms. That’s because the plan includes large increases in farm transfer taxes.
Craig Hill, the president of Iowa Farm Bureau said, as it stands, the proposal could become law with serious impact on farm families. Hill said the AFP is a major threat to passing farms to the next generation.
AFP can be contrasted with vows in the Biden administration’s Rural Plan, developed for last November’s election and published online. That document promises an approach “that partners with rural communities to invest in their unique assets, with the goal of giving young people more options to live, work, and raise the next generation in rural America – making sure the wealth created in rural America stays in rural America.”
The Rural Plan commits to “making it easier to pass farms and ranches onto the next generation.”
Hill told The Center Square that simply is not true of Biden’s proposal. The current cost of Iowa farms is inflated by easy money and the dollar value of transferred family farms could end up incurring tax far beyond families’ ability to pay.
The top two owners of farm land in America are Bill Gates and Chinese owned companies. Biden is making it difficult for American farmers to pass on their farms to their children and far easier for China and Bill Gates to buy the farm land.
I hope that someday we will find out what China has on Biden that they are using to blackmail him.
This is how CHINA and other foreign countries have taken control of US farms and US food chain.
Bill Gates is a CHINESE operative like Fauci, since they both are major contributors for over 20 years to this covid-19 germ warfare with this CHINESE LAB
Get awakened not woke….READ!! hidden danger of the rainbow
you want your country back get rid of GATES and FAUCI they are killing from within
You get rid of the farms and who will supply food. NO ONE! Most people don’t even have enough property to grow their own food anymore if they wanted to. This is just another bad idea Biden has come up with. He seems only want to hurt American while giving everything to other countries or noncitizens. Since the countries beginning farms have been transferred down the line. Now everything you work for the government wants to take away or take a huge portion of it so they can give it to those that don’t want to work. Farms will now sell their land and thousands of houses we be built on the land with no way to feed the people of America.
Now ask sleepy Joe if he gives a hoot!