March 2, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement echoing the call of 86 members of the House of Representatives calling for reform to Section 199A of the tax code that favors farm coops over private and independent businesses:
“Congress needs to take action immediately in the next funding bill to restore fair competition between farm co-ops and private and independent businesses. Unintentionally, when Congress passed the tax cut bill, it included Section 199A, which gives more favorable tax treatment to producers that sell to co-ops as opposed to other entities. Today, we join with the 86 members of the House who have called for this provision to be revised to equalize tax treatment for selling to co-ops, private and independent businesses. Government should not be picking winners and losers like this in the tax code.”
Attachments:
Section 199A letter from 86 members of the House of Representatives, Feb. 21, 2018 at https://davidyoung.house.gov/sites/davidyoung.house.gov/files/Section%20199A%20Letter.pdf
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