August 06, 2010

Carly Fiorina Joins Farmers and Ranchers in Urging Barbara Boxer to Stand Against Largest Tax Hike in American History

Fiorina Also Earns Endorsement of California Grape and Tree Fruit League President Barry Bedwell

FRESNO, CA – U.S. Senate candidate Carly Fiorina was today joined by Fresno-area farmers and ranchers at Tri-Boro Fruit Company for a press conference to urge Senator Barbara Boxer to stand with California’s agriculture industry in opposing the largest tax increase in United States history, which includes a 55 percent death tax that will particularly hurt California’s farmers and ranchers.

“In the midst of one of the worst economic downturns in a generation, California families simply cannot afford to pay an additional $1,600 in higher taxes next year. And California family farms and ranches – who have already suffered a one-two punch from a bad economy and restricted water flow to the Central Valley – can’t afford to be saddled with a 55 percent death tax,” said Fiorina. “Today, I join these hard-working farmers and ranchers in urging Barbara Boxer to stand against the largest tax hike in American history. I hope – but I do not expect – that she will, for once, support policies in Washington that will make it easier for these family-owned businesses and entrepreneurs to grow, succeed and create jobs.”

The 2001 and 2003 tax relief measures are currently scheduled to expire at the end of this year. If Congress fails to extend them in the next five months, this would represent the largest tax increase in American history, $3.8 trillion, and would cost the average middle-income California family more than $1,600 in higher taxes next year. Fiorina has consistently called for both the extension of these important relief measures and for abolishing the death tax; Barbara Boxer, however, has voted against death tax relief at least 18 times and has voted for more than $1 trillion in higher taxes during her nearly three decades in Washington.

“Carly Fiorina understands the importance of fighting for and standing with our state’s agriculture industry, and she will be a vocal advocate for us in the U.S. Senate,” said California Grape and Tree Fruit League President Barry Bedwell. “Among the most important agriculture issues Carly will champion is the end of the 55 percent death tax, which hurts successful farmers and ranchers who want to pass down their land and livestock to future generations – essentially taxing the American dream. I’m proud to stand with Carly in calling for an end to this devastating tax and to support her campaign for Senate.”

Also speaking at the press conference were Agriculture Leaders for Carly co-chair and California Cattlemen’s Association President-Elect Kevin Kester, who discussed his family’s being forced to sell off several pieces of their ranch after his grandfather passed away. As a result of their death tax payments, the family witnessed a significant decrease in the ranch’s ability to hire, reinvest in the business and purchase much-needed goods and materials. Similarly, J&L Vineyards Owner and Operator Debbie Jacobson may have to sell a large portion of family property due to taxes assessed on their estate after the recent death of her parents.

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About Carly Fiorina

Carly Fiorina is running for the U. S. Senate because she knows fiscal conservatism and a focus on jobs is the way to return America to greatness. More

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