WASHINGTON, March 20 -- The House Ways & Means Committee Chairman issued the following news release:
WASHINGTON, D.C.- Rural America is already seeing the benefits of the Working Families Tax Cuts, legislation shaped by the experiences and testimony of everyday rural Americans.
More of America's 2 million family farms will be able to pass down their acreage, equipment, and legacy to the next generation because Republicans made permanent and enhanced the doubled Death Tax exemption in the Working Families Tax Cuts. Family farming is embedded in the fabric of rural communities and key to protecting the nation's food and energy supplies.
Farmers and ranchers, 98 percent of whom file their taxes as pass-through entities, can now invest more ...