tax reform

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 ...

Senate Finance senior member Chuck Grassley predicts President Biden will push to increase taxes on agriculture and other sectors to pay for his Green New Deal and infrastructure bills. Grassley and other Republicans recently introduced legislation to end the estate tax ...

As state lawmakers prepare to kick off the 2021 legislative session, the Idaho Farm Bureau Federation said there will a host of issues the Ag community should watch very closely. Braden Jensen, Deputy Director of Governmental Affairs with the IFBF, said property tax reform is one of the top issues the Idaho Ag community and the general population will watch ...

The American Farm Bureau is asking Congress to quickly pass the Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act.  The recently-introduced legislation will ensure that electric cooperatives won’t put their tax-exempt status in jeopardy when they accept government grants for things like expanding broadband or restoring power after storms and other disasters.   M...

The National Farmers Union will hold its 117th Anniversary Convention March 3rd - 5th in Bellevue.  Patty Edelburg, NFU Vice President, said they selected western Washington, because the organization had not been in the Northwest for several years, and they also wanted to focus on growing membership in Washington.   ...

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

A divided Congress is ready for battle, including on the future of GOP tax reform enacted by the last Congress.  Incoming Senate Finance Chair Chuck Grassley said majority House Democrats want to “undo” and “chip away” at GOP-passed tax breaks.  Grassley said he’ll try to...

A divided Congress is ready for battle, including on the future of GOP tax reform enacted by the last Congress.  Incoming Senate Finance Chair Chuck Grassley said majority House Democrats want to “undo” and “chip away” at GOP-passed tax breaks.  Grassley said he’ll try to...

Incoming Senate Finance Chair Chuck Grassley sees mixed prospects for making a key farm tax break permanent in the new Congress.  Getting it done will take House-Senate cooperation, and few are predicting that, and that includes cooperation on making middle-class tax breaks like one for farm income, permanent.  Re...

The House Ways and Means Committee recently approved a bill making ax reforms permanent for farmers and ranchers.  The American Farm Bureau Federation applauds the passing of the Protecting Family and Small Business Tax Cuts Act of 2018.  Pa...