The congressional super committee's failure to reach an agreement is creating concerns for a variety of different groups. One group are farmers who have less certainty with regards to the estate tax on farms. With 2012 being an election year the fear is that a lame duck congress will have to address the estate tax issue mere weeks before the current rate expires. Thus, creating skepticism and uncertainty as to whether a deal will be reached.
See Josh Rolph, "Commentary: New Estate-Tax Battle May Be Brewing for Coming Year," agalert.com (Nov. 30, 2011).
Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.
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