Beef Buzz News
Job One in Washington for Cattlemen is Estate Tax Deal
Thu, 19 Jan 2012 07:29:45 CST
While the 2012 Cattle Industry Convention is still a couple of weeks away, the top NCBA priority for this year is expected to be estate tax reform.
Ron Hays Beef Buzzes with Kent Bacus of the NCBA on the Need for a Death tax Deal
According to NCBA Manager of Legislative Affairs Kent Bacus, the estate tax, commonly referred to as the death tax, is one of the leading causes of the breakup of multi-generation family farms and ranches. In December 2010, Congress passed temporary estate tax relief effective through Dec. 31, 2012. For now, estates worth more than $5 million per individual or $10 million per couple are taxed at a 35 percent rate.
Bacus says that movement on this issue is imperative- that reverting to a million dollar exemption is simply not an option. Getting Congressional action during this contentious Prsidential election year will be difficult, but Bacus says that NCBA is hopeful that with a lot of grass roots involvement, a deal can be done.
NCBA supports the Death Tax Permanency Repeal Act, introduced by Congressman Kevin Brady (R-Texas). Bacus says if a full repeal is not possible, the next best option is to make the 2010 package permanent.
You can hear comments with Kent Bacus on today's Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Protect the Harvest Tackles Animal Rights Activists Over 'Right to Farm' in Oklahoma Fri, 22 May 2015 12:26:55 CDT
Dave Langert Defines the 3-P's of Sustainability: People, Planet, Profit Thu, 21 May 2015 15:16:34 CDT
Former McDonald's Exec Says Consumers Want to Feel Good About Their Food Wed, 20 May 2015 16:31:58 CDT
NCBA's Colin Woodall Says Congress Needs to Repeal COOL Quickly or Retaliation Inevitable Tue, 19 May 2015 12:44:10 CDT
Jay Truitt Says It's Time to Put the "Death Tax" in the Ground Mon, 18 May 2015 16:38:47 CDT
Tight Supplies, Strong Dollar Continues to Impact Beef Exports Thu, 14 May 2015 14:26:04 CDT
COOL Ruling Could Have Consequences for U.S. Beef and Pork Exports Wed, 13 May 2015 14:38:41 CDT
K-State Finds No Positive Impact of Country of Origin Labeling Tue, 12 May 2015 15:38:54 CDT
NCBA Waiting for Congress to Address Comprehensive Tax Reform and COOL Mon, 11 May 2015 15:03:56 CDT
NCBA's Colin Woodall Optimistic Outlook for TPA and Trade Fri, 08 May 2015 12:22:44 CDT
Cattle Producers Getting Green Light for Herd Expansion Thu, 07 May 2015 15:13:18 CDT
Changing Consumer Part of Strong Beef Demand Picture Wed, 06 May 2015 19:29:59 CDT
Beef Demand Leaps 15.5 Percent in First Quarter 2015 Tue, 05 May 2015 12:22:21 CDT
Animal Ag Alliance Provides Tools to Fight Back Against 'Meatless Mondays' and Activists Mon, 04 May 2015 12:27:23 CDT
Kay Johnson Smith Previews Animal Agriculture Alliance Stakeholders Summit Fri, 01 May 2015 14:30:29 CDT
Peel Finds Beef Cow Numbers 'Spike off the Bottom' with Herd Expansion Thu, 30 Apr 2015 12:38:22 CDT
Curt Pate Says Training Not Limited to Horses and Dogs Wed, 29 Apr 2015 12:45:24 CDT
Curt Pate Addresses Realistic Expectations for Producers, Consumers and Cattle Tue, 28 Apr 2015 12:35:10 CDT
Pate Teaches Effective Stockmanship at OSU Mon, 27 Apr 2015 12:31:19 CDT
NCBA and Congress Await WTO Final Ruling for COOL Before Repeal Begins Fri, 24 Apr 2015 14:27:33 CDT
Congress Battling EPA to Finish Line Over 'WOTUS' Fri, 24 Apr 2015 05:39:13 CDT
NCBA Urges U.S. Senate to Repeal Death Tax Wed, 22 Apr 2015 14:25:10 CDT
OCA's Michael Kelsey Urges Producers to Comment on Dietary Guidelines Tue, 21 Apr 2015 15:54:19 CDT
K-State Vet Prepares Cattle Producers for New Drug Regulations Mon, 20 Apr 2015 14:57:19 CDT
K-State Researchers Determine Why Feedyards Not Buying E.Coli Vaccine Fri, 17 Apr 2015 16:59:07 CDT
Tonsor Finds Challenges Ahead for U.S. Beef Exports Thu, 16 Apr 2015 19:31:16 CDT
NCBA Finds Shrinking Window of Opportunity to Address Federal Tax Reform Thu, 16 Apr 2015 06:43:47 CDT
Digital Marketing Key Ingredient for Beef Checkoff to Reach Millennial Generation Tue, 14 Apr 2015 12:53:40 CDT
Beef Checkoff Touching Consumers Through Engagement Mon, 13 Apr 2015 12:39:50 CDT
Cattlemen's Beef Board Using Science to Fight Dietary Guidelines Proposal Fri, 10 Apr 2015 15:27:39 CDT
Peel Recommends Producers Make Their Strategic Plan for Rest of Decade Thu, 09 Apr 2015 14:55:30 CDT
Peel Says Herd Rebuilding Could Go Either Way in 2015 Wed, 08 Apr 2015 15:43:53 CDT
Peel Provides Second Quarter Cattle Outlook Tue, 07 Apr 2015 15:25:48 CDT
Combining Classes of Cattle Dewormers Can Help Reduce Parasite Pressure in Your Herd Sun, 05 Apr 2015 06:33:48 CDT
OSU Analyzes Cattle Grazing Systems to Maximize Production Thu, 02 Apr 2015 15:24:57 CDT