Wednesday, November 17, 2010

Just in from Washington

AFBF Urges President Obama to Push for Tax Relief This Year

Washington--Now is the time for congressional action on estate tax relief, preserving capital gains tax breaks and extending other important tax provisions, according to American Farm Bureau Federation President Bob Stallman.

In a letter to President Barack Obama, Stallman said, “No matter is more pressing for our nation’s farmers and ranchers than prompt passage of legislation” that extends tax provisions that expired in 2009 or are set to expire at the end of this year.

“Farm Bureau calls on you to work with Congress to enact legislation before the end of the year in order to avoid the economic damages that will be caused by tax increases and the uncertainty that surrounds the tax code,” Stallman told the president.

On Thursday, President Obama is set to meet with congressional leaders from both parties to discuss the legislative agenda for the lame-duck session of Congress.

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