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HipChick

(25,485 posts)
Thu Dec 21, 2017, 10:11 AM Dec 2017

Most American Farmers Will Be Hurt by the GOP Tax Heist..


I refuse to call it a bill... increased grocery prices will be follow...

Since taking office, Trump hasn’t exactly been a champion of farmers. He has imperiled their increasingly crucial export markets by rejecting trade deals and cracked down on the immigrants who supply the great bulk of farm labor. He even sided with massive poultry-processing companies over farmers by nixing US Department of Agriculture rules that gave farmers more legal recourse to defend themselves from unfair production contracts.
Ferd Hoefner, senior strategic advisor for the National Sustainable Agriculture Coalition, says only farms with around $1 million in annual sales are in a high enough tax bracket to benefit from the lower rate. That amounts to about 4 percent of US farms. Hoefner adds that the tax break for the largest farms provides yet more incentives for farmers to scale up.
http://www.motherjones.com/politics/2017/12/most-american-farmers-will-be-hurt-by-the-gop-tax-bill/#
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