Farm Bureau Working to Eradicate ?Death Tax?
by March 4, 2002 12:00 am 60 views
On the national level, the Arkansas Farm Bureau Federation through its American Farm Bureau parent, is working to put a permanent end to estate taxes — the so-called “death tax.” Current law gradually phases out the estate tax by 2010 but will revert back in 2011.
“It continues to threaten family farms and calls for extensive estate planning by farmers,” said Stanley L. Hill, associate director of governmental affairs for the Farm Bureau.
Hill praised Arkansas’ U.S. Senators, Democrat Blanche Lincoln and Republican Tim Hutchinson, who voted against the Senate-passed farm bill that drastically cut subsidies to farmers.
“What most people don’t understand,” Hill said, “is that they’re really consumer subsidies that enable Americans to have the lowest cost of food in the world, along with the highest quality and ample supply.”