ARA Signs Death Tax Repeal Act Support Letter to Congress
Mar 16 2021
ARA signed a Tax Aggie letter to Congress supporting the Death Tax Repeal Act which would permanently repeal the estate tax. The letter also asks Congress for help to make sure that the benefits of repeal are not eroded by the elimination of or restrictions to the use of the stepped-up basis.
"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," says the letter.
Read the letter to learn more about how this will impact farmers and ranchers.