By Sioux City Times |
Jan 18, 2024
U.S. Representative Randy Feenstra, along with 162 of his colleagues, has introduced the Death Tax Repeal Act. This legislation aims to permanently repeal the death tax, a tax that imposes a burden on the transfer of property, land, and assets from a deceased family member to heirs of family farms and small businesses.Feenstra emphasizes the importance of supporting multigenerational businesses, stating that "over 99% of our country's two million farms and ranches and over 95% of our nation's small businesses are owned and operated by individuals and families." He...