Rockefeller’s Fleming: Corporate Tax Hike a Revenue 'Honeypot'

The video discusses the potential impact of proposed tax changes under the current administration, focusing on corporate tax increases and the step up in basis. It explores the implications for revenue generation and family businesses, and debates the fairness of targeting multi-generational wealth. The discussion highlights the complexity of tax policy and the need for careful consideration of its effects on different stakeholders.

What are the potential implications of increasing the corporate tax rate from 21% to 28%?

How might the proposed changes to the step-up in basis affect family businesses?

What are the arguments for and against targeting multi-generational family wealth?

In what ways have tax exclusion amounts changed over different administrations?

What compromises might be reached regarding the estate tax and business exclusions?