Wautoma, WI
Current Conditions
0:56 AM CDT
Cloudy
Temperature
42°F
Dew Point
28°F
Humidity
58%
Wind
SE at 10 mph
Barometer
30.01 in. F
Visibility
10.00 mi.
Sunrise
06:11 a.m.
Sunset
07:43 p.m.
Overnight Forecast (Midnight-7:00am)
Temperatures will range from 41 to 36 degrees with cloudy skies. Winds will range between 12 and 17 miles per hour from the southeast. Rain amounts of less than a tenth of an inch are expected.
7-Day Forecast
Thursday
41°F / 35°F
Light Rain
Thursday
49°F / 28°F
Partly Cloudy
Friday
51°F / 28°F
Partly Cloudy
Saturday
41°F / 31°F
Light Rain
Sunday
53°F / 40°F
Light Rain
Monday
53°F / 34°F
Partly Cloudy
Tuesday
51°F / 30°F
Partly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Thursday...Temperatures will range from a high of 41 to a low of 35 degrees with cloudy skies. Winds will range between 12 and 17 miles per hour from the southeast. Less than 1 tenth inch of rain is possible.
...$dailyWea.get(0).segments.get($o).statement
Overnight ...Temperatures will range from 41 to 36 degrees with cloudy skies. Winds will range between 12 and 17 miles per hour from the southeast. Rain amounts of less than a tenth of an inch are expected.
Thursday...Temperatures will range from a high of 49 to a low of 28 degrees with partly cloudy skies. Winds will range between 2 and 17 miles per hour from the northwest. No precipitation is expected.

Death Tax Repeal Act 'Gets the job done'

June 27, 2013 | 0 comments

The American Farm Bureau Federation supports legislation introduced in both the House and Senate that would permanently repeal the estate tax. Sen. John Thune's (R-SD) bill, The Death Tax Repeal Act of 2013, coupled with bipartisan legislation of the same title introduced by Reps. Kevin Brady (R-TX) and Mike McIntyre (D-NC), is welcomed by America's farm and ranch families.

While significant tax relief was enacted last year to help farmers cope with estate taxes, AFBF believes that permanent repeal is still the best solution to protect all farms and ranches.

The legislation introduced would repeal the estate tax, maintain stepped-up basis and make permanent a 35 percent maximum gift tax rate and $5 million lifetime gift tax exemption indexed for inflation.

"Individuals, family partnerships and family corporations own 98 percent of our nation's 2 million farms and ranches," said AFBF President Bob Stallman.

Stallman added, "When estate taxes on an agricultural business exceed cash and other liquid assets, surviving family partners may be forced to sell land, buildings or equipment needed to keep their businesses running. This not only can cripple a farm or ranch operation, but also hurts the rural communities and businesses that agriculture supports."

The value of family-owned farms and ranches is usually tied to illiquid assets, such as land, buildings and equipment, said AFBF.

With 85 percent of farm and ranch assets illiquid, producers have few options when it comes to generating cash to pay the estate tax.

Recent increases in agriculture cropland values, on average 15 percent from 2011-12, have greatly expanded the number of farms and ranches that now top the estate tax exemption.

"Farm Bureau believes the estate tax should be eliminated permanently," concluded Stallman. "We fully support The Death Tax Repeal Act of 2013 to get the job done."

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