Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   
   

Agricultural News


With Trump in the White House, Could a Full Repeal of the "Death Tax" Finally Happen?

Fri, 02 Jun 2017 11:22:29 CDT

With Trump in the White House, Could a Full Repeal of the


No other agricultural groups have fought harder to fully repeal the so called “Death Tax,” than the American Farm Bureau Federation and the National Cattlemen’s Beef Association. Known also as the federal estate tax, this measure is seen by many as the government’s greedy hand in the pockets of farmers and ranchers, which has in many cases has created significant hardship for families trying to transfer the family business from one generation to the next. Over the years, it has seen rollback after rollback, at the hands of these two organizations, moving the tax rate exemption from $600,000 at 55% in 1997 to where it is now, at $5.49 million with a rate of 40%. Danielle Beck handles tax policy for NCBA and told Radio Oklahoma Ag Network Farm Director Ron Hays that their intention is to get rid of the burdensome tax law once and for all, with hopes resting on the Trump administration’s penchant for tax reform.


“One of the general concepts in the White House plan for tax repeal is a full repeal of the Death Tax,” she said. “We were thrilled that during the White House press briefing on tax reform, Mr. (Gary) Cohn did commit to a full and immediate repeal of the Death Tax as opposed to some sort of staggered proposal.”


Good news, indeed, but the fact is, the Death Tax has actually been fully repealed once before. Obviously, though, it didn’t last for long. Beck remains optimistic this will not be the case this time around.


“The devil is in the details - we have to wait and see what happens,” Beck conceded. “It really depends on whether or not Congress has bipartisan support for whatever their tax reform package is.”


Listen to NCBA’s Danielle Beck and Farm Director Ron Hays discuss the possibility of fully repealing the Death Tax under the Trump administration, on today’s Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.



   



   

Listen to NCBA’s Danielle Beck and Ron Hays discuss the possibility of fully repealing the Death Tax
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Drought Conditions Creep Higher Across Oklahoma According to Latest Drought Monitor Report  Fri, 15 Dec 2017 12:02:35 CST
  • OSU's FAPC Center Highlights Its $52 Million Economic Impact on Oklahoma's Food Industry in 2017  Fri, 15 Dec 2017 11:44:40 CST
  • CattleFax Analysts Present Cattle Market Expectations for 2018 in Upcoming Webinar - Register Now  Fri, 15 Dec 2017 11:34:08 CST
  • OSU Debuts Its New Mobile Grain Bin Safety Trailer to Offer Crop Farmers Free Emergency Training  Fri, 15 Dec 2017 11:24:14 CST
  • AFR's Steve Thompson Doubts Special Session to Make Much Progress Fixing Budget, Other Issues  Fri, 15 Dec 2017 11:08:10 CST
  • Atop the RON Rural Soapbox - Former Secretary John Block  Fri, 15 Dec 2017 10:38:13 CST
  • Fed Cattle Exchange Offers New Opportunity to Explore Price Discovery in Today's Changing Market  Fri, 15 Dec 2017 10:13:59 CST
  • Friday Preopening Market Update with Dave Lanning  Fri, 15 Dec 2017 07:19:21 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® Inc.