Thursday, December 6, 2012

Cut to the Chase -- Last Minute Shoppers

Last Minute Shoppers
By Rebecca French Smith
A handful of days remains in the lame duck Congressional session. That doesn’t seem like much time. For lawmakers in Washington, D.C., maybe it feels like Christmas Eve at 6 p.m., the malls are closed and they haven’t done any Christmas shopping yet…and they have northward of 300 million gifts to buy.
It’s not like Congress hasn’t known what we want this year. In fact, these items have been on our list for some time: a complete farm bill, a reprieve from tax increases scheduled to go into effect in January and some solid solutions for resolving our debt and fiscal problems. 
Admittedly, I sometimes find myself in a last-minute predicament, but when it comes to important things, I’m usually more on the ball. If someone told me that I was about to go over a cliff, I’d work on my trajectory to affect a different outcome. Lawmakers and the president have known this crisis was coming. Alas, we’re all headed for the fiscal cliff right along with the only folks in the country who can do something about it.
That visual imagery is dramatic, and perhaps much of the population is too desensitized. Fiscal cliff. Taxmageddon. These words are almost comical and are at times whispered with a half snicker or spat out like the punch line of a really bad joke. But when the reality of the situation hits, we won’t be so numb.
Taxmageddon sounds devastating, and that is exactly what the estate tax, aka the death tax, will be to many American farm families when the patriarch or matriarch dies (like that isn’t devastating enough) if Congress doesn’t act before the end of the year. If farmers don’t have to sell the farm, at the very least, they’ll have to make some tough decisions about which assets to sell to pay the tax burden, which might just cripple their operation. For farm families, it’s a crushing situation financially, emotionally and spiritually.
Is it really that hard to sit down in Washington, without the game-playing, and address the problems that the impending “fiscal cliff” threatens? Is it so hard to understand the turmoil the lack of a farm bill and excessive estate taxes will inflict if not addressed by the end of the month? Can we get on the same team and find solutions before we go over? Do we have enough time?
I have more questions than answers, as I’m sure many do. All I can do is take care of business in my life—pay the bills, go to work, send the kids to school—and hope the people in Washington, to whom we have given this incredible responsibility, will do the same. If they don’t, Santa might not be coming down the chimney for a few of them this Christmas, or if he does, it might only be to eat the cookies and leave a lump of coal.

(Rebecca French Smith, of Columbia, Mo. is a multimedia specialist for the Missouri Farm Bureau, the state’s largest farm organization.)

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