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A rural family farm with a barn and open land, the kind of asset central to the estate tax debate

Shelby Pressed the Case Against the Estate Tax, Calling It a Threat to Family Farms and Small Business

James Bullard, June 16, 2006

U.S. Sen. Richard Shelby, R-Ala., used a June 2006 message to constituents to press one of the central tax fights of the decade, arguing that the federal estate tax, which he called the death tax, posed a direct threat to family farms and small businesses and should be permanently repealed.

The occasion was a defeat. The Senate had recently taken up a House-passed measure, H.R. 8, the Death Tax Repeal Permanency Act of 2005, which sought to make repeal permanent. It did not pass. Shelby made clear he considered that a failure of the chamber.

The Sunset Problem

The heart of Shelby’s argument was a quirk of legislative drafting. In 2001, Congress passed a law gradually phasing out the estate tax, with complete elimination arriving in 2010. But the same bill carried a sunset provision that would reinstate the tax just one year later, in 2011.

Absent congressional action, Shelby warned, all of that progress would be reversed. Before the 2001 tax cuts, he noted, family farms, small businesses and other holdings passed on to family members faced a rate he described as a crippling 55 percent upon the owner’s death. Without a permanent fix, that rate would return.

“The death tax places an undue burden on our nation’s family-owned farms and small businesses,” Shelby wrote. “These individuals work tirelessly day in and day out to make their own way, to contribute to society and the economy only to be told their loved ones will be punished when they die.”

The Argument He Made

Shelby’s case rested on several linked claims:

  • Forced sales. He said he too often heard of sons and daughters forced to sell part, if not all, of a legacy their parents had built simply to pay estate taxes.
  • Capital-intensive businesses. Whether a construction company, a cattle farm or a medical practice, he argued, such enterprises require significant investment in land, equipment and materials that quickly exceed the exemption threshold. Those investments, he wrote, are not part of the business, they are the business.
  • Double taxation. He described the estate tax as a second bite at the apple, taxing assets that had already been taxed as income.
  • Effects on saving. Punitive taxes, in his telling, including the estate tax, capital gains tax, dividend tax and gift tax, discouraged the saving and investment that drive economic growth.
  • Complexity. He called the estate tax one of the more complicated taxes to comply with in what he described as a bloated code.
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Shelby framed all of it as one step in a larger project. He said he remained a strong advocate for a simplified tax code that treats all taxpayers fairly, and that until there was consensus to overhaul the code entirely, he would push legislation that reduced the burden incrementally.

Why It Landed in South Alabama

The argument had particular resonance in the district Shelby’s state sends to Washington from its southern counties. Southwest Alabama’s economy has long rested on exactly the kinds of assets Shelby described: timberland in Washington, Clarke and Monroe counties, held in families for generations; farms across Baldwin and Escambia counties; shrimp boats and seafood houses in Bayou La Batre and Coden; small construction firms, marine businesses and independent medical practices across the region.

These are enterprises whose value sits in land, boats, timber and equipment rather than in cash, which is precisely what makes an estate tax bill difficult to pay without selling something. Whether the tax in practice hit as many family farms as its opponents claimed was, and remains, a matter of genuine dispute among economists, since exemption levels shielded most estates from any liability at all. But the political potency of the argument in a region of land-rich, cash-poor family businesses was never in doubt.

What Happened Next

The repeal Shelby sought never became permanent in the form he described. Congress ultimately allowed the 2010 repeal to take effect for a single year and then, at the end of 2010, restored the estate tax at a lower rate with a substantially higher exemption. Subsequent legislation raised the exemption further still, leaving the tax on the books but reaching a far smaller number of estates than the 2001-era rules would have.

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Read from the present day, the June 2006 message is a snapshot of a fight in progress, delivered by a senior appropriator to constituents in a state where the phrase family farm still describes a real thing.

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  2. Shelby Presses Senate to Restore Funding for Tanker That Could Be Built in Mobile
  3. Judge-Elect’s Law License in Jeopardy After Supreme Court Rejects Discipline as Too Lenient
  4. Mobile County Voters Handed Jim Folsom the Lieutenant Governor’s Office
Baldwin County Clarke County Local News Mobile Washington County 2001 tax cutsagricultureAlabama politicsBaldwin CountyBayou La Batrecapital gains taxClarke Countydeath taxDeath Tax Repeal Permanency Actestate taxfamily farmsfederal taxesH.R. 8inheritanceRichard Shelbyseafood industrysmall businessSouth Alabamasunset provisiontax policytax reformtimberlandUS SenateWashington County

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