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.
