Monday, 19 February 2018
Login |  Register 
 
Find Products or Services in your local community
 
MSC News National Headlines U.S Health Tech Talk World Business Sports Top Headlines
Tax law gives unexpected break to farmers who sell to co-ops
01/19/2018
 

MINNEAPOLIS (AP) - Key senators and farm groups are trying to fix a provision in the federal tax overhaul that gave an unexpected tax break to farmers who sell their crops to cooperatives instead of other buyers.

The provision from Republican Sens. John Thune of South Dakota and John Hoeven of North Dakota surfaced in the final days of the debate over the tax bill. Companies that aren't co-ops include local grain companies as well as agribusiness giants such as Cargill and ADM.

The senators say they didn't intend to give co-ops and their farmer-members a competitive advantage over other companies. They say they just wanted to make sure farmers' taxes didn't rise.

 But observers say it's not clear if a fix can pass, given the partisan divide on Capitol Hill.

 

© Associated Press
You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Helicopter transport needed following Friday afternoon crash
Friday fire claims two lives
Friday Lock-down at Atchison Co Schools causes concern
Easton man dies in Monday morning crash
Dumped geese leads to probe
New Hiawatha Middle School principal hired
USD 377 board member resigns
New Sabetha High School principal hired
Mascot future spurs debate
Two arrested on drug charges after traffic stop
Click Here For All Stories

LATEST STORIES
Mascot future spurs debate
Helicopter transport needed following Friday afternoon crash
Grain Science, Nutrition Researchers to Study Effect of Starch On Human Health
Computers Love/Hate Relationship
February Is Bake for Family Fun Month
Fruit Tree Pruning ‘Primer’
Nebraska Corn Growers Association Accepting Applications for FLAGship Program
Friday fire claims two lives
Westar warns of latest scam
Falls City Public Schools issue statement on security
Click Here For All Stories

©2018 MSC News
Hiawatha, Ks 66434
EEO Public Report


Powered by Radio Media Group