Family Farms Won’t Escape Biden’s New Tax

Agriculture Secretary Tom Vilsack, the former Democratic governor of Iowa, writes that “Biden’s Tax Changes Won’t Hurt Family Farmers” or small-business owners (op-ed, Sept. 9). Maybe he has been in Washington too long, as he has lost his grasp of today’s capital-intensive, high-risk farming economics in Iowa.

Mr. Vilsack states that his 600-acre Iowa farm is worth almost $2 million, or about $3,300 an acre. It must not be quality farmland—probably more suitable for wild-game hunting. Good farm ground in Iowa sells now for about $12,000 an acre, and 600 acres of corn and soybeans are likely required to have an economically feasible family farming operation. Farming profit margins are razor-thin due to globalization, and land is becoming more expensive due to government-caused inflation. Farms must expand to survive.
 
Farm by R. Miller is licensed under flickr Attribution 2.0 Generic (CC BY 2.0)

Help FAIRtax Become The Number One Issue in 2024

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Help out with a One-Time Contribution

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.

Billing information (REQUIRED)

Payment information (REQUIRED)

To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes to your existing Monthly Re-Occurring Donation with new card or billing address information, then Please call Adam Yomtov our New York State Co-Director. He is assisting with the administration of our donations, technology services, and website.

Please note: Inputting your new information at our website won't update your donation. The only way to update is by calling Adam Yomtov 917-689-3931 mobile.


Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share