The Missouri Farm Bureau is pushing for the full repeal of the estate tax.
Missouri Farm Bureau’s Spencer Tuma said Congress’ ability to ‘move the goal post’ of the estate tax threshold causes great uncertainty for farmers and ruins financial planning.
“On principal, we believe that your death is not a taxable event and we believe this is wrong,” she said.
Congressman Jason Smith of Missouri said the current estate tax threshold is set to drop from $11.7 million dollars per person to $5.5 million in 2025.
