FarmPolicy

August 18, 2019

Biofuels- Taxes; Farm Bill; Nutrition Bill; and the Ag Economy

Tax Issues: Political Background- Estate Tax Concerns

David M. Herszenhorn reported in today’s New York Times that, “With robust bipartisan support, the Senate on Monday advanced the tax-cut package negotiated by President Obama and Congressional Republicans, increasing pressure on House Democrats to set aside their opposition.

“The vote, to cut off debate and end any filibuster, assured that the Senate would approve the $858 billion package on Tuesday and send it to the House, where Democrats are still demanding changes to a provision granting a generous tax exemption to wealthy estates.

“The Senate vote was 83 to 15, with 45 Democrats and 37 Republicans in favor. Opposed were nine Democrats, five Republicans and Senator Bernard Sanders, independent of Vermont.”

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