• Skip to primary navigation
  • Skip to main content
Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

To Honor and Protect the Ranching Way of Life

  • Home
  • Who We Are
    • Why Join
    • Leadership
    • Staff
    • TSCRA Partners
    • FAQs
    • Newsroom
    • Sponsorships
    • Employment
  • What We Do
    • Theft and Law
    • Issues and Policy
    • Education
    • Young Cattle Raisers
    • The Cattleman Magazine
    • Disaster Relief Fund
    • Cattle Raisers Insurance
    • Cattle Raisers Trading Co
    • Students and Youth
  • Events
    • Cattle Raisers Convention
    • Summer Meeting
    • Policy Conference
    • Ranch Gatherings
    • Ranching 101
  • Join
  • Member Center
  • TSCRA Store
  • Show Search
Hide Search

Cattle Raisers and Sen. Cornyn Support Legislation to Repeal Death Tax

For Immediate Release: March 28, 2012
Contact: Marissa Patton, 512-469-0171
FORT WORTH, TEXAS – The Texas and Southwestern Cattle Raisers Association (TSCRA) and Texas U.S. Senator John Cornyn today announced their strong support for recently introduced legislation that will provide for a permanent repeal of the federal estate tax, commonly referred to as the death tax.
Senator Cornyn is a co-sponsor of the Death Tax Repeal Permanency Act (S. 2242) which would stop the federal government from considering death as a taxable event. S. 2242, introduced by Senator John Thune (R-S.D.), is identical to legislation (H.R. 1259) introduced in the U.S. House of Representatives by Kevin Brady (R-Texas).
“The death tax hurts family farmers and ranchers across Texas at the worst time possible, and in many cases Texans are forced to sell the family farm or ranch just to pay this tax. It’s time to put common sense above Washington greed and get rid of the death tax once and for all,” said Senator John Cornyn.
“Many ranching families have spent decades building cattle operations that help feed the nation. Unfortunately, when it comes time to pass that operation on to the next generation the federal government wants a tax payment. If a rancher cannot pay, then they lose their land and their way of life. Ranching families deserve better and the death tax needs to be taken off the books for good,” said TSCRA president Joe Parker Jr.
“The permanent repeal of the death tax is a priority for TSCRA and we strongly support the efforts of Senators Cornyn and Thune. We appreciate their leadership in the U.S. Senate on this issue which is critical to the future of the cattle industry,” Parker continued.
Not only would S. 2242 repeal the federal estate tax, but it would also repeal the generation skipping transfer (GST) tax, make permanent the maximum 35 percent gift tax rate and a $5 million lifetime gift tax exemption, and maintain the stepped-up basis provisions important to ranching families.
In December 2010, Congress passed temporary estate tax relief effective through December 31, 2012. Currently, estates worth more than $5 million per individual ($10 million per couple) are taxed at a rate of 35 percent. Unless Congress acts, the estate tax will revert to pre-2001 levels where estates worth more than $1 million will be taxed at a rate of 55 percent.

###

TSCRA is a 135 year-old trade association and is the largest and oldest livestock organization based in Texas. TSCRA has more than 15,000 beef cattle operations, ranching families and businesses as members. These members represent approximately 50,000 individuals directly involved in ranching and beef production who manage 4 million head of cattle on 76 million acres of range and pasture land primarily in Texas and Oklahoma, but throughout the Southwest

Written by:
Jeremy Fuchs
Published on:
March 28, 2012

Categories: General

Recent Posts

Texas & Southwestern Cattle Raisers Association names new leadership

March 25, 2023

Volunteers elected, appointed during 2023 Cattle Raisers Convention & Expo.  Texas & …

Continue Reading about Texas & Southwestern Cattle Raisers Association names new leadership

Robertson County Texas A&M AgriLife Extension Agent recognized by Texas & Southwestern Cattle Raisers Association

March 25, 2023

David Groschke recognized as a leader in local beef education.  Today, Texas & …

Continue Reading about Robertson County Texas A&M AgriLife Extension Agent recognized by Texas & Southwestern Cattle Raisers Association

G Bar C Ranch honored as 2023 Texas Outstanding Rangeland Stewardship Award recipient

March 25, 2023

Texas & Southwestern Cattle Raisers Association today recognized Meredith Ellis of G Bar C Ranch …

Continue Reading about G Bar C Ranch honored as 2023 Texas Outstanding Rangeland Stewardship Award recipient

Footer

Who We Are

Why Join
Leadership
Staff
TSCRA Partners
FAQs
Newsroom
Sponsorships
Employment

What We Do

Theft and Law
Issues and Policy
Education
Young Cattle Raisers
The Cattleman Magazine
Cattle Raisers Insurance
Cattle Raisers Trading Co.
Texas and Southwestern Cattle Raisers Association

Information

Cattle Raisers Blog
News Releases
Bereavements
Events
Media Kit
Tip Hotline
Get Involved
Links

Membership

Membership Center
Membership Center Instructions
Join
Renew
  • Email
  • Facebook
  • Instagram
  • Twitter
  • YouTube

PO BOX 101988
FORT WORTH, TX 76185

1-800-242-7820

© 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved.

COPYRIGHT | PRIVACY POLICY | TERMS OF USE