[Vision2020] [Spam 3.50] Fw: [Spam 5.41] Crapo Bill Would Keep Farms and Ranches In The Family

[Chuck Kovis]

Roger, please allow me to weep.  Currently the gift and estate-tax exemption 
is $5 million per individual with a top rate of 35%.  Mr. Nothern (a former 
spokesman for the insurance company, Farm Bureau, and a former local dufus 
for a TV station in Boise) says that "families face onerous estate taxes." 
Is he talking about the $5 million per individual exemption or the top rate 
of 35% after the first $5 million goes by?  Family farms and ranches my ass. 
Chuck Kovis





----- Original Message ----- 
From: "lfalen" <lfalen at turbonet.com>
To: <vision2020 at moscow.com>
Sent: Wednesday, November 30, 2011 9:47 AM
Subject: [Spam 3.50] [Vision2020] Fw: [Spam 5.41] Crapo Bill Would Keep 
Farms and Ranches In The Family


> Here is an example of bipartisan legislation. Note that there are more 
> democratic co-sponsors that republican. Note also the organizations that 
> support it.
> Roger
> -----Original message-----
>
> From: "Crapo News Release (Crapo)" newsclips at crapo.senate.gov
> Date: Mon, 28 Nov 2011 15:22:51 -0800
> To:
> Subject: [Spam 5.41] Crapo Bill Would Keep Farms and Ranches In The Family
>
> FOR IMMEDIATE RELEASE 
> CONTACT:    Lindsay Nothern (208) 344-1108
> November 28, 2011 
> Mandi Critchfield (202) 224-7518
>
>
>
>
> CRAPO BILL WOULD KEEP FARMS AND RANCHES IN THE FAMILY
> Works with Senator Mark Udall to maintain family farm heritage
>
>
> Washington, D.C.   - Legislation aimed at reducing the barriers to pass 
> family farm and ranch ownership to future generations has been introduced 
> in the U.S. Senate by Idaho Senator Mike Crapo and Senator Mark Udall 
> (D-Colorado).  The American Family Farm and Ranchland Protection Act, S. 
> 1901, would help to keep farm and ranch property under family ownership by 
> allowing 50% of the property involved to be placed under a tax-free 
> easement.  Present law calls for a limit of 40% easement limit for 
> agricultural estates.
>
> "Outdated tax law is standing between farm and ranch families and their 
> ability to pass their livelihood to future generations," said Crapo, a 
> member of the Senate Finance Committee.  "This legislation has bipartisan 
> support and has been endorsed by a number of agricultural and conservation 
> organizations."
>
> Crapo said allowing landowners to protect more land under easements will 
> not only benefit family farm and ranching operations, but also wildlife 
> that utilize the land.  He noted too much land is lost to developers when 
> families face onerous estate taxes.  "Short of an outright repeal of the 
> estate tax, the American Family Farm and Ranchland Protection Act is a 
> good first step to maintain the vitality of family farms and ranches," he 
> added.
>
> Other co-sponsors of the bill include Senators Michael Bennett 
> (D-Colorado), Al Franken (D-Minnesota), Amy Klobuchar (D-Minnesota) and 
> Sheldon Whitehouse (D-Rhode Island).  Supporters of the legislation 
> include the American Farm Bureau, Nature Conservancy, U.S. Cattlemen 
> Association, Land Trust Alliance and the Defenders of Wildlife.
>
>
> To directly link to this news release, please use the following address:
> http://crapo.senate.gov/media/newsreleases/release_full.cfm?id=334984
>
> # # #
>
>
> This is generated from an unattended mailbox. If you have constituent 
> comments or information you would like forwarded to Senator Crapo, please 
> do so at the Senator's website, 
> http://crapo.senate.gov<http://crapo.senate.gov/> Comments sent to this 
> e-mail address will not be responded to.
>
>
>
>
>
>
>


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