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 …
Senior Senate Tax Writing Committee Member Expects Estate Tax Repeal
A senior member of the Senate tax-writing committee expects estate tax repeal, a key for agriculture, to survive in a GOP-crafted tax reform proposal. GOP tax reform details are being announced this week and Former Senate Finance Chair and senior member Chuck Grassley says estate tax repeal is still ‘in play,’ despite media reports that the White House and lawmakers …
Farmers and Ranchers Push for Comprehensive Tax Reform
Tax policies to support and preserve agriculture are essential to every farmer and rancher in America, a group of Farm Bureau members in Washington, D.C., this week to meet with lawmakers say. “Tax reform is critical for farmers and ranchers,” said Isabella Chism, a corn and soybean farmer and Farm Bureau member from Indiana who is vice chair of the …