After picking up the endorsement of the Tea Party Express Thursday, Rep. Todd Tiahrt is moving into the agriculture world, voicing his support for American Farm Bureau Federal and its attempts to reform the nation’s estate tax policy.
“Todd Tiahrt grew up working on his family’s farm. Tragically, Todd’s family lost the family farm while trying to pay off the exorbitant estate taxes owed. He will continue to fight to prevent any other family from going through the pain of losing their family farm,” said Michelle Schroeder spokesperson for the Tiahrt U.S Senate campaign.
AFBF’s proposal calls for permanently raising the exemption to no less than $5 million per person and reducing the top rate to no more than 35 percent. It also would require that the exemption be tied to inflation, allow spousal transfers and include the stepped-up basis.
The country’s estate tax currently sets at 0 percent but is jeopardy of returning to historically high rates if Congress does not act. In his release Friday, Tiahrt’s campaign noted that Moran voted against a complete repeal of the tax in 2003.
“Many family farmers in Kansas may not know that Jerry Moran voted against the permanent elimination of the estate tax in 2003 when he voted against the Republican tax cut budget,” Schroeder continued. “Moran’s willingness to sell short the Kansas families who struggle to keep their family farms running is a tragedy.”