To the Editor:
New York’s farm families are grateful to Rep. Bill Owens for voting in favor of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.
The legislation helps our struggling farm families through reductions in capital gains tax, lower income tax, tax credits for renewable fuels and tax credits for food donations.
Most importantly, the Act creates real estate tax reform, ensuring an easier transition of farm assets from one generation to the next.
Rep. Owens recognized, as we do, that it made no sense to raise taxes during the worst recession in three decades.
Rep. Owens made a courageous move to pass these tax reform measures to benefit the farm families of New York.
Dean Norton, President
New York Farm Bureau