Unlimited Estate Tax Exemption For Farm Estates Is Unnecessary and Likely Harmful — Center on Budget and Policy Priorities

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By Gillian Brunet and Chye-Ching Huang

Proponents of repealing the estate tax have made farmers, along with small business, the face of their cause, driving some policymakers to push for special preferences for farms in estate tax law. One of the most radical of these proposed changes is an unlimited estate tax exemption for farmland, recently introduced by Rep. Mike Thompson (D-CA) in H.R. 5475. This approach is seriously misguided, for three basic reasons.
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