According to the American Farm Bureau Federation, if Congress doesn’t extend current tax provisions, farmers and ranchers will be forced to pay up to $9 billion more in federal taxes every year. Tax relief enacted by the 2017 Tax Cuts and Jobs Act is set to expire at the end of this year, which would lead to tax increases for almost two-thirds of families, including those in rural America.
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Farmers Set to Lose Billions Without Tax Cut Extension
Jun 4, 2025 | 7:41 AM
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