So, President Biden’s Tax plan has to gifts for farmers and small business owners. Reduction of the Estate tax exemption from $11.5 Million to $3.5 Million ($7 Million per couple). And capital gain recognition upon the death of an ancestor. So, let’s take Bernie Sanders. He dies owning real estate totalling about $3 Million and his basis is about $800,000. This translates into a $2.2 Million gain. This gets taxed at 45% = $990,000. So, let’s take Grandma who dies with $4 Million in a farm with a basis of $100,000. Capital gain of $3.9 Million x 45% tax = $1,755,000 to be paid over 15 years by the family or they have to sell the farm to some conglomerate probably. Same numbers if Grandma owned a gas station. Jobs will be lost, wealth will be lost, investment will be lost. If you want to raise taxes, raise it the simplest way possible, raise rates on income for everyone. Then everyone sees that their taxes are going up and that the Government is spending money.