Rural Issue

Grassley hopes for tax extenders vote by next week

harvest sceneCongress continues to wrestle with the tax extenders package. Republicans and Democrats are reportedly working on a compromise that would make permanent a few of the tax breaks that expired at the end of 2013 and extend others through 2015.

Of particular interest to agriculture are the biodiesel tax credit and the Section 179 deduction for business equipment, including farm machinery.  Iowa Senator Chuck Grassley discussed the tax extenders situation during his weekly conference call with ag reporters Tuesday morning.

AUDIO: Excerpts from Grassley’s conference call with ag reporters

 

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