Republican lawmakers have introduced a proposal to exempt some overtime pay from income taxes. However, if your income is too high, all of it will be taxable.
Farm CPA Paul Neiffer spoke with RFD-TV’s Tammi Arender about key details of the proposal and if it will be part of the Big Beautiful Bill.
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The USDA says the framework is about “ending abusive government overreach” and “protecting farmers, families, and private property.”
Farm numbers still favor small operations, but production, resilience, and risk management are increasingly concentrated among fewer, larger farms.
Agriculture remains a key drag on regional growth amid weak prices and policy uncertainty.