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.
U.S. Corn farmers are committed to continuous improvement in the production of corn, a versatile crop providing abundant high-quality food, feed, renewable energy, biobased products, and ecosystem services.
Corn ethanol is critical for a sustainable, clean energy future.
A Commitment to the Future