Page 7 - Jerry Bohn News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Farm Groups Welcome Death Tax Repeal Legislation

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 t...

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...

Compiled by Candace Krebs Kansan takes over as new NCBA president Jerry Bohn, of Wichita, Kansas, is the new president of the National Cattlemen’s Beef Association. He is part owner of Pratt Feeders, an operation he helped manage for more than three decades, and a retired Lieutenant Colonel in the U.S. Army Reserves. Bohn has had an expansive career in the cattle industry, since his early days of custom grazing cattle with his family in the Flint Hills to his time on Kansas State University’s award-winning livestock judging team. Don Schiefelbein, of Minnesota, was named president-elect, ...

NCBA Sets Policy for 2021