Effort Launched to Repeal Death Tax

Cindy Zimmerman

A bipartisan group of lawmakers led by Congressmen Kevin Brady (R-TX) and Mike Ross (D-Ark) have reintroduced legislation to permanently repeal the “death” tax.

“The Death Tax is still the #1 reason family farms and businesses in America aren’t passed down to the next generation,” Brady says. “It’s the wrong tax at the wrong time and hurts the wrong people.”

The repeal is something that agricultural interests are anxious to have happen. “The on-again-off-again nature of estate tax law makes it difficult, if not impossible, for farmers and ranchers to engage in planning for the transfer of a family business from one generation to the next,” says American Farm Bureau Federation president Bob Stallman. “There is a real need for permanent estate tax elimination and H.R. 1259 sends that message loud and clear.”

AFBF