Hundreds of agricultural groups have voiced concern regarding the tax proposals being considered and how they will impact the industry. Letters were sent to congressional leaders detailing the crucial tax …
Industry Groups Welcome Preserving Family Farms Act of 2021
Multiple agricultural groups have announced their support of the bipartisan Preserving Family Farms Act of 2021. Sponsored by Representatives Jimmy Panetta and Jackie Walorski, the legislation seeks to ease some …
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 …
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 …
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 …
Tax Reform by August Unlikely
Treasury Secretary Steve Mnuchin (mi-new-chin) says getting tax reform legislation on the President’s desk by August appears unlikely. Mnuchin told the Financial Times this week the tax reform timeline is …
NPPC, Ag Groups Ask for Tax Reform
A coalition of more than 30 agriculture groups is pressing Congress to repeal the estate tax. A letter sent to the House Ways and Means Committee asked that any tax …
Trump Tax Announcement Looming
The Donald Trump administration is expected to make an announcement soon regarding taxes and possible reforms. While little details were available, White House Press Secretary Sean Spicer last week said …
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 …
Estate Tax Proposed Changes Would Lose Court Battles
A Kansas Farm Bureau representative and agriculture law professor says proposed changes to the estate tax would likely be struck down if finalized and litigation followed.