AFBF opposes proposals to tax unrealized capital gains at death

The value of many farms is tied up in land and equipment.  Cash flow on most farms is much too small to pay large capital gains taxes.  These taxes would cause further consolidation in agriculture with small farms more likely to be forced out of business by the tax liability.  AFBF's President Duvall: "AFBF urges lawmakers to discard these misguided proposals".


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