Advisers Express Relief at Tax Increases Proposed in Budget Bill
Press|13 Sep 2021
In the InvestmentNews article "Advisers express relief at tax increases proposed in budget bill," Brandon Garrett, president of BentOak Capital, expresses surprise at the preservation of the step-up in basis provision in the proposed tax legislation. He notes, “I’m surprised not to see something on step-up basis, which is a win as it relates to estate planning for clients. Losing the step-up basis was going to really impact the upper-middle-income investor.” This commentary reflects the general sentiment among advisers regarding the potential impact of tax policy changes.
Author: Mark Schoeff Jr., Publisher: InvestmentNews, Date: September 13, 2021.
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