In the News

from Red River Farm Network

Minnesota Representative Michelle Fischbach is a Ways and Means Committee member and is focused on the tax provisions in the budget reconciliation process. She wants the estate tax and biofuel provisions, like 45Z, to remain in the bill. Another priority is the 199A tax deduction that reduces the amount of a farmer’s business income subject to tax. “In my district, in the 7th district, 55,000 taxpayers take advantage of that 199A, including ag and small businesses,” said Fischbach. “That would be a huge increase if that expires; the taxes could go up 43 percent.”