You can guess how we feel about the inheritance tax in general, but what about saving the hallowed family farm? News Hits fumed that this real heart-tugger had become the symbol for a regressive drive to shore up the oligarchy. But the heart-tugger turns out to be unreal. “Even one of the leading advocates for repeal of estate taxes, the American Farm Bureau Federation, said it could not cite a single example of a farm lost because of estate taxes,” the New York Times reported Sunday. So is this what they call a rural myth?
W. Kim Heron, MT’s managing editor, contributed to News Hits, which is edited by Curt Guyette. He can be reached at 313-202-8004 or [email protected]This article appears in Apr 11-17, 2001.