Congressman Tim Ryan Fights to Protect Family Farms
Youngstown, Ohio – Congressman Tim Ryan (OH-13) released the following statement today in support of protecting stepped-up basis in the current draft of the Build Back Better Act, which Congress is continuing to debate.
“Ohio family farmers are a cornerstone of our economy and a pillar of our communities. It is critical that Ohio’s family farms can continue to thrive from generation to generation without the fear of being hit with an unaffordable tax burden. That is why I applaud efforts to protect stepped-up basis within the Build Back Better Act, and I will continue to be a strong advocate to ensure this important measure for our family farmers is protected as Congress continues to debate this package,” said Congressman Tim Ryan (OH-13).
Previous versions of the bill proposed changes that could have placed unaffordable tax burdens on longtime family farm operators, many of whom have farms that have been handed down over multiple generations.