NEWS
New Push to Kill Estate Tax
Chris Clayton DTN Ag Policy Editor
Wed Jun 19, 2013 04:56 PM CDT

WASHINGTON (DTN) -- Congress agreed to a permanent rate and exemption level for estate taxes just six months ago, but a new push is on among lawmakers to permanently repeal the tax.

Several members of Congress announced Wednesday their efforts to repeal the so-called "death tax" as a way to protect farmers, ranchers and small-business owners.

Last January, Congress agreed to a 40% tax rate for the estate tax and a $5.25 million asset exemption per individual. The exemption also is indexed for inflation. Yet, just two months later, President Barack Obama opened the door to redefining "permanent" by proposing ...

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