House Republicans hope lawmakers provide family farms tax relief before session ends

Congress must act to protect family farms

Farmers and ranchers could face higher estate taxes if Congress fails to act before the end of the year. The 2017 Tax Cuts and Jobs Act contains provisions that are set to end in 2025, many of which are beneficial…

'Death taxes' threaten farm families

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act adds a new task to the 2025 congressional to-do list: updating the tax code. Many of the act’s provisions provided important relief for farm…

Death Taxes Threaten Farm Families

Many provisions in the 2017 Tax Cuts and Jobs Act are set to expire this year. The American Farm Bureau says that adds a big task to the Congressional to-do list including an update to the tax code. Many of those expiring provisions provide important relief for farm families. AFBF Associate Economist Samantha Ayoub says while reductions in the corporate income tax rates were made permanent in 2017, income tax cuts for individuals began to phase …

House Republicans hope lawmakers provide family farms tax relief before session ends

Illinois House Republicans argue lawmakers need to pass legislation during the final month of session to save struggling family farms.

Cut non-citizen spending to reform family farms estate tax, lawmaker says

(The Center Square) – Illinois House Republicans are calling for reforms to the state’s estate tax on farmers, saying it’s up to Democrats to find savings to make up for potentially millions of dollars in lost state revenue.

Financial News Network - 'Real relief': New GOP proposal could help families receive thousands of dollars

Some Republican lawmakers, including Jim Banks, R-Iowa, and Rep. Blake Moore, R-Utah, are seeking an increase in the child tax credit while scrapping other controversial tax benefitsRead More …