Posted on 12/19/2017 10:45:01 PM PST by Kaslin
It’s the stupid extra Constitutional “revenue neutral” rules of the Senate that screwed this all up.
And don’t forget, Republicans are now on record that it’s all the Federal Government’s money, and letting you keep any of it out of the tax man’s hands is a “subsidy”. Now they’re on the same page as the Democrats.
Not BS if he is part of a cooperative. Land o Lakes is a coop for example. Look to see butter prices sky rocket.
It might depending on how he is structured.
http://www.motherjones.com/politics/2017/12/most-american-farmers-will-be-hurt-by-the-gop-tax-bill/#
Farms involved in cooperatives may lose. Both the Senate and House tax bills would eliminate the so-called Section 199 deduction, which allows farm cooperatives to deduct a portion of their expenses, The Wall Street Journal reports. The National Council of Farmer Cooperatives bitterly opposes this rollback—the group claims the deductions saves farmers involved in co-ops $2 billion annually in tax liabilities. In November, the NCFC rallied more than 180 farm groups, most of them co-ops, to oppose the rollback of Section 199 deduction, a plea that both chambers promptly ignored.
Farm co-ops aren’t to be tangled with lightly. Around 80 percent of the US milk supply comes from farms involved in co-ops, representing more than $30 billion in business. According to the Journal piece, the deduction is worth about $100 annually per cow. “Supporters of the plan to repeal the deduction say that larger business tax cuts will more than make up for the loss of Section 199,” Land O’ Lakes, one of the largest dairy co-ops of all, recently stated in a press release. “But Land O’Lakes members know that’s not true for farmer cooperatives and their members.”
Such pressure may have worked, at least partially. Agri-Pulse’s Phil Brasher reports that Sen. John Thune (R-S.D.,) managed to insert a provision into the Senate bill would allow co-ops to get the same tax break as the pass-through farm entities mentioned above, though it wouldn’t fully offset the loss of Section 199.
..........well, we’ve all got to stop, take a DEEP breath and than God for Donald Trump, his family, the Electoral College and Hillary’s ineptness and criminality!!
This TAX BILL will have a Huuuuuuuuggggggeeeeee positive effect on our economy. We will blow past 4% growth now! I predict 5% by this time next year and we should be sitting pretty by November next year.
Is he still breathing? As long as he draws breath, he will make it his mission to harm this country and to exact revenge against this president.
Nothing but death itself would have stopped McCain from voting last night, if his one vote could have killed the bill.
Total WINNING
1.5 done out of 3 major comprehensive goals?
1) Corporate tax cuts
2) Halfway to Obamacare repeal with repeal of the mandate?
Now just need that wall built. And ending chain immigration.
That SOB I am sure would drag his cancerous ass to the finish line if the cause was Donald Trump’s impeachment.
Oh good so does that mean we are pretty much done with fixing Obamacare?
Now to fix it better for all Americans Trump can allow purchasing over state lines?
I could see 6% within the next year or two, and then settling back comfortably to 3%.
It is interesting. We will be seeing a massive economic story but much will be overshadowed by political scandal. I think Harding went through something like that.
I can see right now you do not understand the cattle market or raising cattle and what the effing Government has already done to us. When I buy feed to feed to a calf that I will raise to keep I have to depreciate that feed over the life of the calf.
So when you know what the heck you are talking about with the current situation the damn government has ranchers in I suggest keep quiet.
I guess it sucks to be you, then.
Next time vote for Hillary - she’ll help you sorry ass.
Like I said, keep your mouth shut unless you know what you are talking about. Again you open your pie hole, drivel runs out due to old age and being off your meds. So best to just STFU
“...When I buy feed to feed to a calf that I will raise to keep I have to depreciate that feed over the life of the calf....”
So it IS deductible.
We raised cattle in Montana for generations - bitch to someone else!
Yeah I have been to Montana and think I saw a couple cows.
Mostly sheep with men standing behind them. Was that you?
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