Senate Adopts Sen. Kennedy Amendment to Preserve Like-Kind Exchanges That Benefit Middle U.S.
August 12, 2021
August 12, 2021
WASHINGTON, Aug. 12 -- Sen. John Kennedy, R-Louisiana, issued the following news release:
Sen. John Kennedy (R-La.) offered an amendment to the Senate budget resolution that would prohibit any changes to the treatment of like-kind exchanges in the U.S. tax code. The Senate adopted Kennedy's amendment.
"President Biden's tax-and-spending binge would be a direct tax on the middle class, and he wants to make that load heavier by limiting tax deferrals throug . . .
Sen. John Kennedy (R-La.) offered an amendment to the Senate budget resolution that would prohibit any changes to the treatment of like-kind exchanges in the U.S. tax code. The Senate adopted Kennedy's amendment.
"President Biden's tax-and-spending binge would be a direct tax on the middle class, and he wants to make that load heavier by limiting tax deferrals throug . . .