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Committee members say tax bill provisions would deliver major benefits to farmers and small businesses
Summary
Speakers said the package dubbed the "working families tax cuts" would give farmers and small businesses substantial gains through 100% expensing, R&D deductions and an enhanced death-tax exemption aimed at easing family-farm succession; no votes were recorded in the transcript.
Committee members discussed provisions in a tax package referred to in the transcript as the "working families tax cuts" and said farmers and small businesses would be primary beneficiaries.
Committee member (S1) described the proposal as a "big beautiful bill" and said "farmers are the ones that come out with the biggest wins," citing measures including "100% expensing, the interest deductibility expensing, or research and development…
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