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Grassley: Tax extenders are top ‘lame duck’ priority

Iowa Senator Chuck Grassley says passage of tax extenders legislation should be a top priority for the lame duck Congress.

Grassley says increasing the Section 179 deduction level from the current 25-thousand dollars to 500-thousand dollars is important to farmers.

“I have very regularly heard at my town meetings from constituents who are putting off purchasing major items because that deduction is no longer available at the higher levels,” Grassley says.

Grassley says reinstatement of renewable energy initiatives, including the biodiesel tax credit, is also of utmost importance.

AUDIO: Chuck Grassley–excerpts from telephone news conference with ag reporters