This week, during a roundtable hosted by Western Sugar Cooperative, I met with representatives across several agricultural sectors from the Third District. I am grateful each time I’m able to connect with and thank the dedicated producers at the origination of the supply chains stocking our grocery stores, pantries, restaurants, fuel pumps, and more. Gathering their insights on the challenges they face and the importance of ensuring our tax code and Farm Bill programs work for them is essential for my work in Congress to support economic growth in our state.
As chair of the Rural America Tax Team, I worked hard in the Ways and Means Committee to apply feedback and secure big policy wins for our hardworking farmers and ranchers in the tax, spending reform, and national security package known as the One Big Beautiful Bill Act.When I supported its passage in the House last week and it was signed into law by President Trump, it brought unprecedented longterm certainty for our agriculture producers and prevented an average tax hike on family farms of more than $5,000.
Many of the tax code updates within the legislation renewed and improved provisions from the 2017 Tax Cuts and Jobs Act (TCJA).We made sure to extend successful tax relief policies, and we went further to increase and make permanent tax cuts for as many American producers as possible. For the 98 percent of farms in the U.S. categorized as pass-through entities, the bill makes permanent the 20 percent Section 199A pass-through deduction, allowing producers to retain and reinvest more of their hard-earned income.
