Friends of Manufacturing

Biz groups, farmers voice opposition to Treasury estate tax rules (The Hill)


Business groups, small-business owners and family farmers are voicing their opposition to proposed estate-tax rules in formal comments submitted to the Treasury Department and IRS.

"In the midst of a series of tough years for farmers, the proposed regulations would only add additional hardship on already struggling farm families," the National Association of Conservation Districts wrote.

Comments are due Wednesday on the rules, which were proposed in August. The proposed rules have also drawn criticism from Republicans on Capitol Hill, with Rep. Warren Davidson (Ohio) and Sen. Marco Rubio (Fla.) introducing legislation to prevent them from being implemented.

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