National Farm Bureau Supports $10 million ET Exemption

At their recent annual convention, delegates of the National Farm Bureau Federation voted in approval to change the organization's position on the estate tax. The organization now supports raising the estate tax exemption to $10 million (indexed to inflation), from the current $2 million. The Bureau voted on this issue because members of Congress had been pressuring the organization to state what level of exemption its members would accept. At this point, it is not clear what specific tax rate they support.

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