Op Ed: Backing the Ranchers that Put Food on Our Tables
· Texas Border Business
A year after the Working Families Tax Cuts were enacted, ranchers are seeing benefits that help sustain food production in the U.S. The tax cuts allow ranchers to deduct up to 20% of their business income and fully expense equipment costs, fostering growth and investment. Additionally, significant estate tax relief helps family-owned ranches remain intact across generations. The U.S. Small Business Administration (SBA) has partnered with the USDA to streamline regulations affecting rural businesses, enhancing access to financing. With increased loan limits and combined financing options, ranchers can modernize operations and expand, ensuring a stable food supply for the nation.
AI summary · Source: Texas Border Business →
