The federal tax reform plan coming out of Congress makes major changes to the tax code. Pat Wolff, AFBF senior director of congressional relations, says Farm Bureau is reviewing the plan to ensure the effective tax rate lessens the tax burden for America’s farmers and ranchers. Wolff calls it a bold proposal that she expects to move through Congress quickly. …
GOP’s Evolving Tax Plan May See Changes
New details are filtering out on the GOP’s evolving tax plan. Some reports say equipment expensing and how producers file their taxes could see changes. Washington Post sources say the White House and GOP leaders want to cut the rate paid by thousands of businesses that pay taxes through the individual income tax code to 25-percent from nearly 40-percent. American …