Wautoma, WI
Current Conditions
0:12 AM CDT
Foggy
Temperature
46°F
Dew Point
46°F
Humidity
100%
Wind
CM at 0 mph
Barometer
30.04 in. F
Visibility
0.50 mi.
Sunrise
07:23 a.m.
Sunset
05:59 p.m.
Morning Forecast (7:00am-12:00pm)
Temperatures will range from 46 to 49 degrees with mostly cloudy skies. Winds will remain steady around 4 miles per hour from the south. No precipitation is expected.
7-Day Forecast
Friday
63°F / 46°F
Partly Cloudy
Saturday
63°F / 37°F
Sunny
Sunday
56°F / 37°F
Scattered Showers
Monday
62°F / 44°F
Light Rain
Tuesday
50°F / 32°F
Partly Cloudy
Wednesday
49°F / 32°F
Partly Cloudy
Thursday
54°F / 37°F
Scattered Showers
Detailed Short Term Forecast
Issued at 0:12 AM CDT
Friday...Temperatures will range from a high of 63 to a low of 46 degrees with partly cloudy skies. Winds will range between 3 and 13 miles per hour from the south. No precipitation is expected.
This Afternoon ...Temperatures will range from 54 to 63 degrees with partly cloudy skies. Winds will range between 7 and 11 miles per hour from the south. No precipitation is expected.
This Evening ...Temperatures will range from 59 to 56 degrees with mostly cloudy skies. Winds will range between 6 and 10 miles per hour from the southwest. No precipitation is expected.
Overnight ...Temperatures will range from 56 to 52 degrees with partly cloudy skies. Winds will range between 9 and 13 miles per hour from the west. No precipitation is expected.
Saturday...Temperatures will range from a high of 63 to a low of 37 degrees with clear skies. Winds will range between 8 and 18 miles per hour from the westnorthwest. Less than 1 tenth inch of rain is possible.

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."

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Page Tools

Search

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement