American Forest Foundation Blog
Permanent Estate Tax Reform Proposed
Earlier this week, I introduced a proposal along with my friend Sen. Jon Kyl of Arizona to permanently reform the federal estate tax. The proposal would permanently set the estate tax rate at 35 percent, with a $5 million exemption amount phased in over 10 years and indexed for inflation. It would also provide a “stepped up basis” for inherited assets. The proposal would be included in a package of other measures intended to provide economic relief for our small businesses.
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My Longleaf Pine Restoration Story
Saloom Properties, LLC is a 1762 acre Tree Farm in the coastal plains of south Alabama—an area in the natural longleaf range. Historically the longleaf pine was the dominant species of tree at an estimated 60 million acres. This has been reduced to its existing 3.4 million acres. We have seen a resurgence of restoration of the longleaf back to its natural ecosystem. Each year more acres are being planted and managed by private family forest owners.
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