Last week, Texas Congressman Kevin Brady filed a bill to permanently repeal
the death tax – the tax paid when heirs inherit farms and ranches.
The inherent problem with this estate tax, other than it being double taxation in
most instances, is that it is often too high for families to afford, leaving them with
no other choice but to sell off the farm, agriculture land and capital that has been
in the family for generations.
At a time when fewer Americans are engaging in production agriculture, it should
be a priority for us all to end this double taxation to ensure we have the farms
and ranches needed to produce the food we eat, clothes we wear and timber that
builds our homes.
To read more about Congressman Brady’s efforts to kill the death tax, click here.