WNKY 40 News
March 12, 2021
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) joined Senate Republican Whip John Thune (R-SD), a member of the tax-writing Senate Finance Committee, and dozens of their Senate colleagues in reintroducing legislation to permanently repeal the federal estate tax, more commonly known as the death tax. Senator McConnell is an original cosponsor of Senator Thune’s bill,
the Death Tax Repeal Act of 2021, according to a release from McConnell’s office.
“Kentucky farm families and small businesses have enough to deal with during this pandemic. They shouldn’t also have to worry about an unfair death tax when they pass their livelihoods down to the next generation,”
Members of Congress are again looking to repeal the estate tax, commonly referred to as the death tax among agricultural circles. Although the tax reforms enacted during the Trump Administration offered a limited repeal of the estate tax, this bill would allow for a complete repeal of the estate tax.
The Death Tax Repeal Act of 2021 was introduced this week by Sen. John Thune, R-S.D. with 25 Republican co-sponsors, and Reps. Sanford Bishop, D-Ga., and Jason Smith, R-Mo., who have 120 -cosponsors, however, Bishop is the only Democrat. Some Democrat proposals have threatened an elimination of the estate tax as well as stepped-up basis.
Pierre, SD, USA / DRGNews
Mar 10, 2021 9:54 AM
U.S. Sen. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee, joined Senate Republican Leader Mitch McConnell (R-Ky.), Sen. Mike Crapo (R-Idaho), ranking member of the Senate Finance Committee, and dozens of his Senate colleagues in reintroducing legislation to permanently repeal the federal estate tax, more commonly known as the death tax. Thune’s bill, the Death Tax Repeal Act of 2021, would finally end this purely punitive tax that has the potential to hit family-run farms, ranches, and businesses as the result of the owner’s death.
“I’ve fought hard to repeal the onerous and unfair death tax since I came to Washington, including by leading the effort in 2017 to protect more farm and ranch families from it,”
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It seems like the second you tell people that you eat a plant-based diet, the first thing out of their mouth is some remark about soy or tofu. “Ugh, you actually like tofu?” “So, do you only eat soy now?” The commentary goes on and on. Sure, not everyone who eats plant-based loves tofu, but we would be lying if we didn’t admit that yes, we love tofu. So there.
To make matters worse, if you happen to mention that one of the reasons you eat primarily plant-based is because it’s more environmentally sustainable … brace yourself for the ever-dreaded, “well, soy production to make tofu is destroying the planet just as much as animal agriculture.”