Stop efforts to undermine stepped-up basis and increase the estate tax on family farms.

we have to stop continued efforts to undermine stepped-up basis and supercharge the death tax.

Graves called for stopping efforts that would undermine stepped-up basis and increase estate tax burdens on family farms.

Celebrating Agriculture | Congressman Sam Graves | Representing the 6th District of Missouri
secondary · other · model gpt-5.5

The Biden White House proposed ending stepped-up basis for gains above $1 million, while stating protections would be designed for family-owned businesses and farms transferred to heirs who continue operating them.

Establishes that there was a federal executive proposal to limit stepped-up basis, including for assets relevant to family farms, though with proposed deferral/protection language.

delivered unknown

FACT SHEET: The American Families Plan
secondary · model gpt-5.5 · confidence 88%

Treasury proposed treating transfers of appreciated property by gift or at death as realization events, with gain recognized at death and payment deferral for certain family-owned and operated businesses.

Official Treasury Greenbook confirms the Biden administration’s concrete stepped-up-basis-related proposal; it was a policy effort Graves promised to oppose.

delivered unknown

General Explanations of the Administration's Fiscal Year 2022 Revenue Proposals
secondary · model gpt-5.5 · confidence 88%

Section 1014 provides that property acquired from a decedent generally takes a basis equal to fair market value at the date of the decedent's death, including property acquired by bequest, devise, or inheritance.

Shows the stepped-up basis rule remained in federal law before the 2025 tax legislation; no enacted repeal is shown in the later public law evidence.

delivered unknown

26 U.S.C. §1014 - Basis of property acquired from a decedent
secondary · model gpt-5.5 · confidence 82%

The House vote on the motion to concur in the Senate amendment to H.R. 1 passed 218-214; Representative Graves, Republican, Missouri, voted Aye.

Graves voted for final passage of the 2025 reconciliation law that increased the estate and gift tax exemption rather than increasing estate tax exposure.

delivered same_term A for effort

Roll Call 190, H.R. 1, 119th Congress, 1st Session
secondary · model gpt-5.5 · confidence 94%

Section 70106, Extension and enhancement of increased estate and gift tax exemption amounts, amended 26 U.S.C. 2010(c)(3) by replacing $5,000,000 with $15,000,000, effective for estates of decedents dying and gifts made after December 31, 2025.

The enacted law raised the estate and gift tax exemption beginning in 2026, directly contrary to increasing the estate tax burden on family farms.

delivered same_term A for effort

Public Law 119-21
secondary · model gpt-5.5 · confidence 95%

The House vote on passage of H.R. 1 passed 215-214-1; Representative Graves, Republican, Missouri, voted Yea.

Shows Graves also supported the House-passed version of the 2025 reconciliation bill before final enactment, a concrete legislative action aligned with the promise.

delivered same_term A for effort

Roll Call 145, H.R. 1, 119th Congress, 1st Session
secondary · model gpt-5.5 · confidence 93%