Boozman: Bernstein's Zealous Support of Tax Hikes on Farmers is "Threat to Rural America's Future'

Hearing

"The administration's attempts to pay for its priorities by increasing taxes on family farmers has been roundly rejected. The farm community rightly said "no' to the president's proposals to eliminate stepped-up basis, raise the death tax, limit like-kind exchanges and increase capital gains taxes.

Now, President Biden wants the loudest cheerleader for this reckless tax and spend agenda to head the CEA.

Jared Bernstein's praise of Green New Deal programs and his zealous desire to raise taxes on family farmers are a threat to rural America's future.

Americans are struggling with historic inflation in food prices and farmers continue to see record-high input costs. Now is not the time to push policies that increase energy, fuel and other farm input costs as Mr. Bernstein would propose.

I encourage the banking committee to reject his nomination."

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