October 3 @ 1:00 pm: Succession and Legacy: Insights on Plan Successes and Challenges. While it might not be ‘rocket science’ in nature, there are often complexities and unknowns that deter businesses from getting started with legacy planning. But every business advisor will tell you the surest way to secure the legacy of your business is to have a strong succession plan.
October 10 @ 1:00 pm: Taxes on Buying & Selling Out-of-State: Best Practices to Mitigate Exposure: Buying and selling products close to home is long gone. State regulators have been ramping up audits and it is imperative for businesses who are exposed to other jurisdictions for taxation to be informed on different types of tax exposure.

For a complete listing of webinars go to:

Inflation is surging at the fastest pace in four decades, and policymakers need to start taking that seriously. Cancelling student debt or extending the current payment pause will worsen inflation while delivering substantial benefits to higher-income Americans and driving up future tuition costs.

A gas tax holiday would modestly reduce prices at the pump but exacerbate overall inflationary pressures and increase demand for an energy source already short in supply.

Together, these policies could cost the federal government $250 billion or more over a decade at a time when debt is already headed toward record levels. These policies aren’t solutions; they are gimmicks that shift costs onto taxpayers and consumers.

Instead of making the Federal Reserve’s job harder, Congress and the President should be working to assist the Federal Reserve in its inflation-fighting efforts. A reconciliation bill that boosts tax revenue, lowers drug costs, and reduces deficits would represent an important step in the right direction.

Deficit-boosting legislation is part of how we got into this mess; it’s not going to get us out of it. The White House should put an end to ongoing COVID relief and focus its attention on deficit-reducing legislation. 

The U.S. Senate voted 99-0 to accept an amendment by Sen. John Thune, R-S.D., that would protect owners of businesses, farms and ranchers to pass on land without imposing capital gains on the appreciation and value from the prior generation. Changing the law on stepped-up basis would “hit generationally owned enterprises hard, particularly in rural communities, and it could force families to sell off part of the farm or business just to pay the new tax,” Thune said when he brought his amendment to the floor.

Source: DTN

For the fiscal year ended Aug. 31, 2019, the Association did not participate in activities that would require members to declare a portion of their member dues as non-deductible. Claim the full amount.

Even in years when legislative issues have called for the Association to hire lobbyists or devote staff time to making elected leaders aware of members’ interests, the Association has neither endorsed nor contributed to the campaigns of candidates or any political action committees.

If you have questions about our lobbying work, contact Executive Vice President Vernon Schmidt at Vernon@FarmEquip.org or (314) 878-2304