FarmPolicy

December 7, 2019

Biofuels- Taxes; Farm Bill; Land Values; Animal Ag; Climate; and CFTC Issues

Tax Issues: Political Background- Bill Passes Senate, House Vote Expected Today- Estate Tax Concerns Weakened But Lingering

David M. Herszenhorn reported in today’s New York Times that, “The Senate on Wednesday approved the $858 billion tax plan negotiated by the White House and Republican leaders, and House Democrats said they expected to pass the bill on Thursday after a final, and seemingly futile, effort to change a provision that benefits wealthy estates.

“The Senate vote was 81 to 19 as Democrats yielded in their long push to end the Bush-era lowered tax rates for high-income taxpayers.”

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