South Dakota Senator John Thune questioned Treasury Secretary Jack Lew about the Obama administration’s proposal to institute a second inheritance tax on South Dakota family farms and businesses…

 

Thune asked Lew what the administrations intent was in pushing for the expansion of the capital gains tax…

 

Lew said they are aware of unintended consequences of the tax proposal…

 

Lew was appearing before the Senate Finance Committee as they began the review of the 2016 budget proposal.