Congress must act to protect family farms | Iowa Agribusiness Radio Network

VANNATTA: Why Congress Should Act to Protect and Expand the Tax Cuts and Jobs Act - A Call for Economic Growth and Opportunity in Iowa - The Iowa Standard

In 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law, and while it sparked debate across the country, it had a real and measurable impact on the wallets of everyday Americans. The tax cuts, especially those benefiting businesses and individuals, were designed with one core principle: to stimulate economic growth by giving taxpayers more of their hard-earned money and by incentivizing businesses to reinvest in the economy. Now, nearly ei…

Congress must act to protect family farms | Iowa Agribusiness Radio Network

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 to farmers and ranchers. Samantha Ayoub, an associate economist with the American Farm Bureau Federation, said that, without Congressional action, the estate tax exemption will drop to pre-2017 levels. https://d30hko96l9xirl.cloudfront.

Death Taxes Loom as Threat to Family Farms

Several key provisions of the 2017 Tax Cuts and Jobs Act are scheduled to expire this year, and the American Farm Bureau Federation (AFBF) is urging Congress to act. The ... Read More The post Death Taxes Loom as Threat to Family Farms appeared first on AgNet West.