The House is nearing a vote on the “Big, Beautiful Bill”

House lawmakers have been debating all night over the Senate’s version of the “Big, Beautiful Bill.” This current session has been going on for around 24 hours, as there were several hurdles that needed to be cleared, but Speaker Mike Johnson believes the bill has the needed votes. Once this current debate ends, voting will likely get underway.

What is in the legislation that benefits you?

The legislation makes the 2017 tax cuts permanent, including the death tax. Ag Secretary Brooke Rollins has been vocal about this, saying 180,000 farm families could be in jeopardy if it does not pass. It also addresses the 45Z tax credit, which is something that feedstock growers have been eager to see. Reference prices would also get a lift by 10 to 20 percent.

Related Stories
Steven Snow with the U.S. Small Business Administration joined us to discuss tax relief for rural Americans and the long-term benefits of new provisions impacting farmers and small businesses.
Farm CPA Paul Neiffer explains the updates to crop insurance subsidies, additional benefits for new farmers, and eligibility considerations for those entering the program.
Farm CPA Paul Nieffer explains the Farmer Bridge Assistance payment limits, provides clarity on new legislation, and offers advice for producers considering business structure adjustments.
Restored base acres strengthen cotton risk protection.
RFD NEWS correspondent Frank McCaffrey spoke with U.S. Congressmen Henry Cuellar (D-TX) and John Rose (R-TN), who say bipartisan cooperation will be key to getting the Farm Bill to the president’s desk.
The House Agriculture Committee is set to debate a new, “skinny” Farm Bill at the end of February, according to a release from Committee Chairman Rep. Glenn “GT” Thompson.