The National Cattlemen’s Beef Association (NCBA) strongly supports the Death Tax Repeal Act introduced in both the House and Senate. NCBA says it’s unconscionable for cattle producers to face a tax that forces them to sell all or part of their family’s farm or ranch due to the death of a family member. “With the cost of farmland rising rapidly, …
Legislation Introduced to Repeal Federal Estate Tax
Federal lawmakers have introduced legislation that would repeal the federal estate tax, often referred to as the death tax. U.S. Senator John Thune and U.S. Representatives Sanford Bishop and Jason Smith recently introduced the Death Tax Repeal Act of 2021. The bipartisan legislation has the support of nearly 150 lawmakers in both houses of Congress. Multiple agricultural groups have also …
W. H. and GOP Leaders Considering Ditching Estate Tax Repeal
The White House and GOP Congressional leaders are considering ditching estate tax repeal and other tax breaks that Democrats charge, favor the wealthy. The idea is to pick up Democratic votes by shaping tax reform more toward the middle-class. Democrats argue estate tax repeal would benefit only the wealthy, those who die with more than $5.5 million in their estates, …
Trump Renewed Call for Full Repeal of Estate Tax
President Trump’s renewed call on a North Dakota visit for full repeal of the estate tax is being praised by the American Farm Bureau. But ‘death tax’ repeal faces more hurdles as tax reform advances this fall. AFBF tax adviser Pat Wolff suggests the President’s comments that the estate tax is a “tremendous burden” on family farmers can only help …
Rancher Discusses Death Tax
One of the top issues being discussed in our nation’s capital right now is tax reform, and that, of course, includes the estate tax, or death tax, as many know it. It is something the National Cattlemen’s Beef Association, among other groups in agriculture, would like to see repealed. Ed Frank talks with NCBA President-elect and fifth-generation California rancher Kevin …
Cattlemen Applaud Death Tax Repeal Legislation
The National Cattlemen’s Beef Association applauded the introduction of legislation designed to kill the estate tax. A Beef U.S.A. Dot Org article says the Death Tax Repeal Act of 2017 was introduced by Republican John Thune of South Dakota and by Representatives Kristi Noem of South Dakota and Georgia Democrat Sanford Bishop. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR …
AFBF Endorses Bills to Repeal Death Tax
The American Farm Bureau Federation has endorsed bipartisan legislation in the House and Senate to repeal the federal estate tax. AFBF President Zippy Duvall said the bills are needed because farm and ranch families continue to face challenges to passing their family businesses to the next generation. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst …