Members of Congress from ag heavy states helped to push sweeping tax legislation across the finish line in the House, but there may be more resistance ahead in the Senate.
The message of House members in favor of the bill, that it will benefit farmers and ranchers, was roundly accepted in bipartisan fashion with a 357-70 vote.
Proponents of the tax bill that passed in the U.S. House stress that the bill will benefit farmers and ranchers through tax policy.
That’s Iowa Congressman Randy Feenstra.
Feenstra says two key provisions in the bill will make the difference for farmers and ranchers.
Nebraska Republican Adrian Smith on the tax bill.
In the Senate, more opposition seems likely. Republicans Chuck Grassley, Thom Tillis and Mitt Romney, quoted in the Washington Post, criticized the bill, Grassley citing the political benefits to President Biden in an election year while withholding final judgment.
American Farm Bureau Federation President Zippy Duvall in a written statement, said the bill will bring “meaningful tax relief to our nation’s farmers and ranchers at a time of high interest rates and slim margins.” He urged the Senate to “swiftly” pass it.
