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Agricultural News

AFBF Sees Passage of Tax Bill a Step Closer to a Tax Code that Works for Farmers and Ranchers

Thu, 16 Nov 2017 14:26:14 CST

AFBF Sees Passage of Tax Bill a Step Closer to a Tax Code that Works for Farmers and Ranchers The following may be attributed to Zippy Duvall, president, American Farm Bureau Federation:

“Today’s 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. Lower rates combined with the preservation of small business expensing, like-kind exchanges and the business deduction for state and local taxes are just a few of the things we are pleased to see in this legislation. We look forward to working with the Senate to build on this success in the coming weeks.”

Source - American Farm Bureau Federation



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