The chairman of the Senate Agriculture says the senate tax reform bill under debate will be good for farmers and ranchers. Senator Pat Roberts of Kansas, also a member of the Senate Finance committee, tells Brownfield there has been some progress made on the Section 199 deduction, “I’m not sure that will satisfy everybody, of course, but I think we’ve made, uh, substantial progress on that.”
The head of the National Council of Farmer Cooperatives, Chuck Connor, says the Senate bill’s 17-point-4 percent deduction for family farmers meant to replace Section 199 is NOT enough to help co-ops.
Continue reading Roberts says tax bill under debate gives farmers certainty at Brownfield Ag News.
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