“Joe Biden “wants to get rid of something called ‘stepped up basis’” that reduces inheritance taxes.”
Social media posts
Claim dated 25 Oct 2020.
PolitiFact rated thisTrue
What PolitiFact found
Biden has proposed eliminating the “stepped-up basis,” a tax policy that reduces inheritance taxes, to use the extra federal taxes collected to provide two years of free community college to students.
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 25 October 2020. PolitiFact (United States) looked into it and published its finding on 29 October 2020, 4 days later. Its rating was “True”.
Where the claim appeared
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.