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Elimination of Stepped-Up Basis Looks Unlikely, Schwab Lobbyist Says

September 20, 20211 min read

Elimination of Stepped-Up Basis Looks Unlikely, Schwab Lobbyist Says

President Biden's proposal to eliminate the step-up basis for calculating inheritance taxes is getting the cold shoulder from both Democrats and Republicans, Schwab's top Washington D. C. Lobbyist told advisors today……

https://www.fa-mag.com/news/prospects–rocky–for-biden-plan-to-end-stepped-up-basis—schwab-lobbyist-says-62468.html