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Finding an estate tax solution is a priority

The president of the National Cattlemen’s Beef Association says finding a long-term solution to estate taxes has to be a priority for members. 

Mark Eisele says the current Estate Tax exemptions sunset at the end of 2025.  He says solution is needed sooner rather than later.  “How many times does a family have to pay for a farm or ranch over and over again before they actually own it,” he says.  

He tells Brownfield the current lifetime estate and gift tax exemption is set at $13.61 million.  But that could change. “This current administration has proposed as high as a 60% death tax,” he says. “I don’t know of any businesses that can survive 60% estate tax.”

He tells Brownfield members continue to work on policy for the organization.  “From there we need to educate members of Congress to how and why this works and the economic ripple effects it has,” he says. “We have no time to waste.”

Brownfield interviewed Eisele during the NCBA’s Summer Business Meeting in San Diego.  

AUDIO: NCBA president Mark Eisele

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