National Ag News
Ag groups respond to House tax bill
Nov 2, 2017, 15:46 PM
by
System
Many ag groups are disappointed with the House Ways & Means proposed tax bill released Thursday.
Chuck Connor, CEO of the National Council of Farmer Cooperatives says the reforms would raise taxes for farmers and depress economic activity across rural America. He says the proposal to eliminate Section 199, the Domestic Production Activities Deduction, could increase farmers’ taxes by thousands of dollars each year.
National Biodiesel Board chief operating officer Doug Whitehead says their members are disappointed the proposal does not include an extension of the biodiesel tax incentive and will work with lawmakers to address their concerns.
Continue reading Ag groups respond to House tax bill at Brownfield Ag News.
