Farm Bureau praises House tax bill passage
WASHINGTON D.C. - American Farm Bureau Federation President Zippy Duvall applauded the House of Representatives on Nov. 16 for passing the Tax Cuts and Jobs Act.
“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.”