Pat Wolff

Wolff: More Questions Than Answers When It Comes To President’s Tax Proposal
Wolff: More Questions Than Answers When It Comes To President’s Tax Proposal
Wolff: More Questions Than Answers When It Comes To President’s Tax Proposal
President Biden’s proposed tax increases to pay for his infrastructure and social programs has many in farm country concerned, just as the President is winning buy-in for his climate change proposals. Farm groups like Biden’s ideas on rewarding farmers for climate-smart conservation practice but proposed new capital gains taxes could undermine that support. American ...
President Biden’s Tax Proposal Concerning For AFBF
President Biden’s Tax Proposal Concerning For AFBF
President Biden’s Tax Proposal Concerning For AFBF
A trio of new tax hikes for farmers and ranchers, that’s how the American Farm Bureau’s tax adviser describes President Joe Biden proposal to pay for infrastructure and social packages. During last week’s joint session of Congress, the President said: “We’re going to get rid of the loopholes that allow Americans to make more than a million dollars a year, and pay a lower tax rate on their capital
AFBF Concerned How Administration Will Pay For Infrastructure Proposal
AFBF Concerned How Administration Will Pay For Infrastructure Proposal
AFBF Concerned How Administration Will Pay For Infrastructure Proposal
President Biden’s economic team has adjusted higher the administration’s tax and spending figures for the infrastructure plan the President is expected to unveil Wednesday. According to the Washington Post, the original plan called for $3 trillion in new spending and $1 trillion in new tax hikes. But fear ...
Wolff Expects Taxes To Be Big Issue In DC In Coming Years
Wolff Expects Taxes To Be Big Issue In DC In Coming Years
Wolff Expects Taxes To Be Big Issue In DC In Coming Years
One of the first questions about a new administration in Washington, D.C., is what changes can the farm community expect when it comes to tax policy? Pat Wolff, Senior Director of Congressional Relations with the American Farm Bureau Federation, said there she expects to see “big tax legislation” fairly soon, maybe in the first six months. “An ...
Wolff: COVID Relief Bill Will Benefit Farmers In Several Ways
Wolff: COVID Relief Bill Will Benefit Farmers In Several Ways
Wolff: COVID Relief Bill Will Benefit Farmers In Several Ways
The American Farm Bureau Federation said the recently signed Coronavirus aid package includes important benefits for farmers nationwide, specifically changes to the Paycheck Protection Program. Pat Wolff, senior director of congressional relations with the American Farm Bureau, said PPP was designed by Congress to help small businesses stay open and keep their employees on the payroll ... Read Mo
AFBF Asks Congress To Ensure PPP Loans Are Not Taxed
AFBF Asks Congress To Ensure PPP Loans Are Not Taxed
AFBF Asks Congress To Ensure PPP Loans Are Not Taxed
The American Farm Bureau Federation recently sent a letter to Congress asking them to ensure farmers won’t pay taxes on forgiven Paycheck Protection Program loans. AFBF Senior Congressional Relations Director Pat Wolff said an IRS regulation means small businesses and farms would face a tax burden for using PPP funds. ...
How Could Farmers Be Impacted By Proposed “Wealth Taxes”
How Could Farmers Be Impacted By Proposed “Wealth Taxes”
How Could Farmers Be Impacted By Proposed “Wealth Taxes”
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 ...
White House GOP Looking At Tax Cuts Heading Into 2020
White House GOP Looking At Tax Cuts Heading Into 2020
White House GOP Looking At Tax Cuts Heading Into 2020
The White House and Congressional Republicans are in early talks on a new tax cut and growth package ahead of the 2020 election.  According to the Washington Post, the discussions are “preliminary,” and probably more about next year’s election than actual legislating.  However, top Ways an...
Tax Increase Proposal Concerns Ag, AFBF
Tax Increase Proposal Concerns Ag, AFBF
Tax Increase Proposal Concerns Ag, AFBF
Congressional Democrats have proposed increases in some taxes, some of special concern for agriculture.  USDA estimates the Tax Cuts and Jobs Act passed just over a year ago, will reduce taxes for producers by 3.3%.  So, American Farm Bureau tax adviser Pat Wolff said House and Senate proposals by Democrats to raise marginal, capital gains, and estate taxes, will have the opposite effect.   “... R
AFBF: Health Insurance Tax Will Have A Direct Impact On Farmers
AFBF: Health Insurance Tax Will Have A Direct Impact On Farmers
AFBF: Health Insurance Tax Will Have A Direct Impact On Farmers
When the Health Insurance Tax goes into effect, the American Farm Bureau Federation said it will add significantly to the cost of health insurance for a self-employed individual.  And while Congress has delayed implementation of the tax through 2019, Pat Wolff, AFBF senior director of congressional relations, warns the tax will be in full force come 2020.  ...

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