House Republicans recently released a tax reform plan that addresses several important features for farmers and ranchers, including full expensing, exclusions for capital gains and repeal of the estate tax. 
“Speaker Ryan, Chairman Brady and House Republicans are to be commended for developing a blueprint for rewriting our nation’s cumbersome, convoluted and complex tax code. Their plan is a strong and much-needed start to what will surely be an extensive tax reform discussion,” American Farm Bureau Federation President Zippy Duvall said in a statement. “We look forward to continuing the conversation about meaningful tax reform that benefits the whole economy.”
FBNews article