Estate Tax Repeal Bill Introduced

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Ag groups including the  American Farm Bureau Federation and the National Cattlemen’s Beef Association came out in full support Thursday of new estate tax legislation introduced by 5 members of the U.S. House of Representatives.  The bill, H.R. 1259 (read it here), would eliminate the so-called “death tax.”

Mike Ross, U.S. representative for the state of article spoke out during a press conference about how easy it is for agricultural producers to hit the current $5 million exemption.

Even during that press conference, there was pressure from media that questioned how a business worth $5 million could be considered a “small business.”  Trying to depict how this can easily be the case in farming and ranching will again be the challenge in D.C.


© Northern Ag Network 2011

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