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NEWS: Thune Proposed Amendment to Budget Resolution; DON'T ELIMINATE STEP UP!

NEWS: Thune Proposed Amendment to Budget Resolution; DON'T ELIMINATE STEP UP!
Thank you to Russell Sullivan and the team at Brownstein Hyatt Farber Schreck, LLP for this report.Early Wednesday morning, the Senate reached an agreement on S.Con.Res.14, FY2022 Budget Resolution. Over 40 amendments were considered and voted on. The following amendments centered on estate and wealth taxes: Amendment #3106 by Sen. Thune (R-SD): The amendment would protect owners of generationally-owned businesses, …

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