House Ways & Means Committee Chairman Smith: Family Farms Will Be Forced to Liquidate If Congress Fails to Extend Trump Tax Cuts
December 24, 2024
December 24, 2024
WASHINGTON, Dec. 24 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following news release:
America's family farmers are going to feel pressure in the coming months to start dialing up estate planners if Congress fails to act swiftly in the new year to extend the 2017 Trump tax cuts. Should those tax cuts be allowed to expire, two million family farmers would see their Death Tax exemption slashed in half. That would leave more of thes . . .
America's family farmers are going to feel pressure in the coming months to start dialing up estate planners if Congress fails to act swiftly in the new year to extend the 2017 Trump tax cuts. Should those tax cuts be allowed to expire, two million family farmers would see their Death Tax exemption slashed in half. That would leave more of thes . . .