Rolling back the estate tax is the least of our concerns.
Ever since the Dubya regime started cracking down on immigrants (led by Tom Delay) more than a decade ago, US family farms HAVE been negatively impacted by chronic labor shortages to the extent that many are fallowing their farm land, removing orchards and leasing farm land in Mexico where labor is stable.
At the rate Trump is going his regime will negatively impact family farmers more than all of his predecessors combined.
The author, a small family farmer himself, says that the inheritance tax, which kicks in when ownership is passes on to an heir, is paid by ‘only 20’ heirs to farms a year. But he does not mention why that is so, or the minimum value of the farm when the tax kicks in, or how that value is determined. The casual reader is left to wonder, if those 20 can scrape up the cash to pay the tax, should they have to, or would that endanger the farm’s operations, and thus discourage family farming.
The pivotal argument for the inheritance tax has always been that only the super rich estates are taxed. Let’s not lose sight of that.