Brady Statement on Ensuring Tax Cuts Help Farmers, Ranchers

The following press release was published by the U.S. Congress Committee on Ways and Means on March 15, 2018. It is reproduced in full below.

Washington, D.C. - Today, House Ways and Means Chairman Kevin Brady (R-TX) released the following statement regarding a bicameral solution being reached regarding Section 199A of the Tax Cuts and Jobs Act:

“The Tax Cuts and Jobs Act allows a first-ever 20% deduction for pass-through business income. This incredibly important provision for our local job creators was identified as having unintended consequences in the agriculture community. The solution reached today will restore the competitive balance that has long existed in the marketplace. I look forward to working with my colleagues in the House and Senate to enact this solution as quickly as possible."

Source: U.S. Congress Committee on Ways and Means