By NICK GOSNELL
Hutch Post
WASHINGTON— In a call with radio stations from across Kansas on Friday, U.S. Senator Roger Marshall said the price tag for President Biden's infrastructure package could be even higher than is being reported.
"If all this legislation goes through that the President and the Democrats are wanting, it will be $7 trillion of spending over 10 years," Marshall said. "They're playing some budget gimmicks right now, where they are saying, maybe it's only $1.5 trillion. Only $1.5 trillion. If these programs would go through for the next 10 years, if they are reauthorized, I think it will still be $7 trillion. I think that's reckless spending, and that's on top of our annual budgets already."
Marshall is concerned about the continued threat of an increase of the stepped up basis on the sale of farmland.
"The land that my grandparents paid $50 an acre for back in 1910, is probably worth $2000 an acre," Marshall said. "My parents own that land now and someday, my brother and sister and I will inherit it. They would ask us to pay some type of tax on that increase. It would force us to sell the farm."
Marshall also believes that there will be an alternative minimum tax on corporations to help pay for the administration's spending.
"The latest is, they are going to do something with corporate taxes," Marshall said. "It sounds like Joe Manchin and probably Kyrsten Sinema moreso have pushed back on the taxing part of it for the corporations, but they're going to have an alternative minimum tax. Just remember, any type of corporate tax, 70% of that's going to go back to hard working Kansas. They'll be paying 70% of that tax increase, as well."
Marshall said that inflation is one of the top concerns he is hearing about from Kansans, along with the proposed vaccine mandates from the Biden administration.