This week’s Cotton Newsline is 4 cuts. All cuts are Taylor Slade, cotton and peanut producer in Williamston, NC.
Suggested Introduction 1:
If estate taxes are allowed to be reinstated at the beginning of 2011, with only a $1 million exemption and top rate of 55 percent, Taylor Slade, cotton and peanut producer in Williamston, NC says U.S. agriculture will be affected very negatively.
Suggested Introduction 2:
Slade points out that $1 million does not cover much farm land.
Suggested Introduction 3:
Slade says all commodities were represented at a press conference Tuesday to urge Congress to act on estate tax during the lame-duck session.
Suggested Introduction 4:
Slade says the National Cotton Council supports the complete elimination of estate taxes but the short term may require compromise.