Tax reform sounds good, but it really comes down to how the changes impact specific sectors, such as agriculture and the specific operations within, such as large or small farms.
The set-up for this looks good as the Senate vote only requires a simple majority. However, there is a strong likelihood that not all Republicans will vote for the measure as it is now written.
Last week, the U.S. House of Representatives passed a bill that many agricultural groups saw as very favorable. However, the Senate bill is less lenient.
Danielle Beck works as a tax specialist for the National Cattlemen’s Beef Association. Beck spoke with Ron Hays, from the Radio Oklahoma Ag Network, Friday about the recently passed House bill and her hopes for the Senate to pass a similar measure.
Now over to the Senate and their proposal.
The bill has to be finalized by the end of this legislative session to pass with a simple majority in the Senate. If unrealized, the bill has to receive 60 votes, which seems impossible right now.