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Balanced Reporting. Trusted Insights.
Saturday, September 30, 2023
Congressional Republicans are gearing up for high-stakes negotiations to finalize a sweeping package of tax cuts before Christmas that could provide significant relief to farmers and ranchers.
Congressional Republicans head to the finish line on tax reform after ramming a historic package of tax cuts through the Senate with one vote to spare.
Senate Republicans early Saturday narrowly advanced a sweeping package of business and individual tax cuts after a series of last-minute deals that included a bigger reduction in taxes for farms and other small businesses.
Senate Republicans look to pass their tax bill by the end of the week but it may take some last-minute modifications to satisfy at least two GOP senators’ concerns about the impact on small businesses.
Lawmakers return to Washington next week facing a battle over tax cuts and the possibility of a government shutdown, if they can’t agree on a budget for the rest of the fiscal year.
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.
WASHINGTON, Nov. 2, 2017 - The House Republican tax-reform bill would preserve interest expensing for most farmers and would phase out the estate tax, but some producers would lose a tax deduction that their cooperatives pass on to them.
WASHINGTON, Oct. 29, 2017 - House Republicans reveal the details of their tax reform plan this week as GOP leaders mount an ambitious pre-Thanksgiving campaign to get tax bills through both chambers before the holiday.
