Tax Cut

The American Farm Bureau is asking Congress to quickly pass the Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act.  The recently-introduced legislation will ensure that electric cooperatives won’t put their tax-exempt status in jeopardy when they accept government grants for things like expanding broadband or restoring power after storms and other disasters.   M...

Incoming Senate Finance Chair Chuck Grassley sees mixed prospects for making a key farm tax break permanent in the new Congress.  Getting it done will take House-Senate cooperation, and few are predicting that, and that includes cooperation on making middle-class tax breaks like one for farm income, permanent.  Re...

As lawmakers in DC debate tax reform legislation, the National Farmers Union is warning the Republican proposals could have devastating consequences on the ag community.  According to the CBO, both tax bills being considered by the Senate and the House would add $1.5 tr...