House-passed tax measure would benefit agriculture
The American Farm Bureau Federation (AFBF), along with other agriculture groups, cheered last week’s passage by the U.S. House of Representatives of a tax reform package that contains significant benefits for farmers.
“Passage of the Tax Cuts and Jobs Act (H.R. 1) by the House of Representatives puts us one step closer to a tax code that works for all farmers and ranchers,” said Zippy Duvall, AFBF president. “Lower rates combined with the preservation of small business expensing, like-kind exchanges and ...
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