tax cuts

Whether in the state capital or in D.C., lawmakers are often talking about issues that will directly or indirectly impact the farming community.  And with more and more people disconnected from agriculture, it’s becoming even more important for farmers to speak up and tell their stories.  Central Washi...

The ball is now in the Senate’s court on the Trump tax and spending bill.  And the fight over taxes, SNAP cuts, and tariffs is heating up quickly.  Majority Leader John Thune recently said it's ‘full speed ahead’ on the president’s “One Big, Beautiful Bill,” while slamming Democrats for vowing to fight against extending the 2017 tax cuts with 'everything they’ve got'.   “They are going to be votin

According to the American Farm Bureau Federation, if Congress doesn’t extend current tax provisions, farmers and ranchers will be forced to pay up to $9 billion more in federal taxes every year.  Tax relief enacted by the 2017 Tax Cuts and Jobs Act is set to expire at the end of this year, which would lead to tax increases for almost two-thirds of families, including those in rural America.   ...

Many provisions in the 2017 Tax Cuts and Jobs Act are set to expire this year.  The American Farm Bureau Federation says that adds a big task to the Congressional to-do list: updating the tax code.   Many of those expiring provisions provide important relief for farm families.  AFBF Associa...

The 2017 Tax Cuts and Jobs Act is set to expire this year if Congress doesn’t take action.  Dustin Sherer, director of government affairs for the American Farm Bureau Federation, said letting the TCJA expire would have significant impacts to agriculture and a majority of Americans.   “...

Legislation introduced in both the U.S. House and Senate would eliminate the estate tax. The 2017 Tax Cuts and Jobs Act temporarily doubles the estate tax exemption to $11 million per person indexed for inflation through 2025. However, without congressional action, the estate tax exemption will revert to $5 ...

The farmer cooperatives want the Trump administration to withdraw proposed tax rules that they say would raise taxes on farmers and ranchers nationwide. On Thursday, the Executive Council of the National Council of Farmer Cooperatives asked the Treasury Department and the Office of Management and Budget to withdraw a proposal that would implement Section 199A(g) of the tax code ...

How could a “wealth tax” impact American farmers.  As the presidential race heats up, some Democratic candidates have proposed such as tax on the riches Americans to pay for a variety of programs, from healthcare and childcare to reduce income inequality.  But according ...

Tax cuts in China could offset trade war harm and support economic growth.  A China International Capital Corporation economist told CNBC tax cuts in China could provide growth needed to offset economic losses from the trade war.  However, the economist says more tariffs from the U.S. poses ...