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Shining Light on Farm & Food Policy for 20 Years.
Saturday, April 27, 2024
Milk producers such as Jerry Messer say they’ve had it with many food companies’ marketing practices, such as labeling foods in ways that disparage GMOs or using the term “milk” for plant-based beverages.
Republicans narrowly pushed a tax bill through the House Thursday that would slash corporate and individual taxes while preserving and even expanding key benefits for farms.
Farms could see different impacts on their federal tax returns under the varying and complex rules in the tax legislation that Republicans are seeking to push through the House and Senate.
Republicans look to advance competing tax reform plans in the House and Senate this week, and farm groups look to build on their early success in shaping the legislation.
Under pressure from farmers, a House panel advanced a sweeping tax reform bill after Republicans made last-minute changes to avert a significant increase in self-employment taxes for many producers.
The Trump administration is further delaying new animal-welfare standards for organic livestock and poultry production, and USDA officials are raising concerns about the legal and economic justification for the regulations developed under the Obama administration.
A series of pending decisions from USDA and Congress over coming weeks could leave milk producers with a significantly stronger new financial safety net, if the actions fall the way the industry hopes.
WASHINGTON, Nov. 5, 2017 - House Republicans will seek to push their tax reform plan through committee this week, knowing it likely faces significant changes in the Senate to meet its budget rules.
WASHINGTON, Nov. 3, 2017 - The House GOP tax bill’s new rules for partnerships and other “pass-through” small businesses, together with new requirements for paying self-employment taxes, could significantly offset some of the legislation’s benefit to farms, experts say.
