Source: John Hart, FARM PROGRESS, 8/9/21


The Ranking Member of the House Agriculture Committee says efforts to change the estate tax appear to have slowed down thanks in part to a study that shows changing the rules on inherited property could raise taxes an average of $1.4 million on the typical farm. “I think we threw a little sand in the gears with this proposal, not to say they won’t continue to pursue it,” said Rep. Glen “GT” Thompson, a Republican who represents Pennsylvania’s 15th Congressional District, and has served as Ranking Member of the House Agriculture since the new Congress was sworn in in January.

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