NCBA Continues to Call for Death Tax Reform
The National Cattlemen’s Beef Association (NCBA) is continuing to urge Congress to pass legislation providing additional relief and permanency in the tax code for America’s farmers, ranchers and other small business owners. As part of these ongoing efforts, NCBA is supporting H.R. 3905, the Estate Tax Relief Act of 2009, introduced last week by Congresswoman Shelley Berkley (D-Nev.), along with Representatives Kevin Brady (D-Texas), Devin Nunes (R-Calif), and Artur Davis (D-Ala.). Over a 10-year period, H.R. 3906 would increase the estate tax (“death tax”) exemption to $5 million while decreasing the rate to a level of 35%.