Nov. 16, 2017 – – As Congress considers tax reform, it is crucial that the farming community weigh-in to OPPOSE the proposed elimination of three key deductions in H.R. 1, the Tax Cuts and Jobs Act:( 1) the eradication of the Section 199 deduction,( 2) the repeal of state and local tax deductions, and (3) the termination of IC-DISC that help farmers. Rather than eradication, these important deductions must be protected.
With farmers and producers experiencing many challenges, this is certainly not the time for Congress to take any action that would raise taxes on those producing our food. The impact of eliminating any one of these deductions would be a burden—but with all three combined—it will be devastating to family farms.
DO NOT DELAY – Your voice is critical at this time.