Earl Pomeroy: “I oppose H.R. 8 and strongly support the Rangel substitute. Proponents have said this about helping farmers pass the…”

“I oppose H.R. 8 and strongly support the Rangel substitute. Proponents have said this about helping farmers pass the farm from one generation to the other. If that is the issue, then pass the Rangel substitute. The U.S. Department of Agriculture says 99 percent of the farms in this country have a net worth below $3 million. The Rangel substitute takes a farm couple and allows them to pass a farm worth $4 million of net worth. We take care of more than 99 percent of the farms in this country under the Rangel substitute. Similarly, small businesses, up to $4 million. Another way the substitute is better than the majority bill is that it takes effect and it takes effect next year. No 10-year wait for the relief they are talking about. Next year. Another thing about the Rangel substitute, the President will sign it. There is a veto threat on their bill. It will never become law. Let us provide the relief and make it real, not just issue press releases about another House debate. Vote the Rangel substitute for meaningful relief for family farmers.”