News & Events - Overview
Created: 8/01/12 (Wed) | Topic: Issues
Support for 2010 compromise on estate tax urged
AFBF and other members of the Family Business Estate Tax Coalition (FBETC) wrote to House members on Wednesday, expressing support for legislation that would extend the 2010 compromise reached on the estate tax. “Congressional action on the estate tax is urgently needed to prevent it from ensnaring thousands of new and unsuspecting family-owned businesses in 2013,” the groups wrote in a letter.
The goal of the FBETC has always been full repeal of the estate tax and the coalition still believes this is the best solution to protect all family-owned businesses from the estate tax. At a minimum, the FBETC supports maintaining current estate tax policy, with an exemption level at $5 million and the maximum rate of 35 percent, until a permanent extension of current policy is enacted.
Estate tax reform is a priority issue for Farm Bureau.
Click here to read an AFBF backgrounder on the estate tax
