U.S. Representative Randy Hultgren (IL-14) has joined 59 of his House colleagues in cosponsoring H.R. 6100, the Protect Family Farms and Businesses Act. Recent regulations from the Treasury Department artificially increase the value of many family farms and businesses, which could ultimately force them to pay more in estate, or “death” taxes. For years the Internal Revenue Service (IRS) has discounted interest held in businesses for estate tax purposes—now the IRS plans to count that interest as a percentage of what the business is worth
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