Tag: Farm Subsidies

New legislation that jumps the death tax to 55 percent of estates exceeding $1 million threatens 526,421 family farms, of about 25 percent of all farms in America, according to a Senate analysis.

According to the analysis from the Senate Republican Policy Committee, chaired by Wyoming's John Barrasso:

If President Obama and Senate Democrats do not act, the federal government will begin taking more than half the value of family farm estates exceeding $1 million beginning next year. This summer, Majority Leader Harry Reid and Senate Democrats passed legislation (S.3412) on a party-line vote that allows Washington to take up to 55 percent, a huge increase over today's top rate of 35 percent, and drop the tax's exemption from $5.1 million to $1 million. The lower exemption -- combined with soaring farm real estate values -- could put more than 420,000 additional farm estates at risk from the death tax.

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Looks like Democratic Party funders George, and Warren, must be interested in acquiring some blocks of land on the cheap.  S.3412 was indeed passed by Party-line with Stabenow, and Levin voting Yea.  And, to think that re-elected moron, Alan Grayson's imbecile rhetoric used against Republicans, now similarly places over a half million family farms in jeopardy.  Don't get sick - Don't Die - or Democrats will tax your property away from your heirs.

Congratulations, you voted for it!  Ironic, yes?  Shouldn't be to anyone by now.

Stabenow talked to farm owner Len Gustafson about how, with the help of funding from the U.S. Department of Agriculture, the Gustafson's Farm has become a huge success.  The owners say that over the past five years, they've managed to grow their farm from about 10 cows to nearly 200 cows, and they now produce 80,000 pounds of beef a year.

Hmmm, that's roughly growing the herd by two head per month.  Nothing really all that amazing about that, but, congrats to Mr. Gustafson all the same.

Government funding covered 60 percent of an $80,000 project to improve their beef operation with fencing and a new water system.  Len says the more cows drink, the more they eat, and heavier cows make better meat.

Holy crap!  We taxpayers are subsidizing over half of this private businesses improvements?  Ahhh, so there's why Sen. Stabenow, Chair of the Senate Agriculture Committee is in the U.P.  It's a campaign photo-op.