ASI Joins Aggie Tax Coalition in Supporting Full Repeal of Death Tax
April 14, 2017

The American Sheep Industry Association joined with 31 other groups in sending a letter to the House Ways and Means Committee urging permanent repeal of the Death Tax. In 2012, the American Tax Payer Relief Act permanently extended the estate tax exemption level to $5 million per person ($10 million per couple) indexed for inflation and maintained the stepped up basis. However, many family farms and ranches are still burdened by the Death Tax and are forced to sell off land and equipment or take out loans to cover tax liabilities in the event of a death in the family. ASI policy calls for elimination of, or significant reduction to, the burden America's family farms, ranches and small businesses face under the current estate tax. The full letter can be viewed on the ASI website at: Estate Tax Letter