Ag Groups Call for Estate Tax Repeal, Continuation of Stepped-up Basis
As congressional lawmakers turn their attention to taxes, farmers and ranchers are urging them to include estate tax repeal in any tax reform legislation they consider this year.
“The estate tax is especially damaging to agriculture because we are a land-based, capital-intensive industry with few options for paying estate taxes when they come due,” 32 agriculture organizations, including AFBF, wrote to House Ways and Means Committee Chairman Kevin Brady (R-Texas) and Ranking Member Richard Neal (D-Mass.).
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