Friday, January 12, 2018

Wow! Who Wudda Guessed? This Story Has Legs -- January 12, 2018

The story was first linked at The Prairie Blog. I then posted a follow-up blog which linked the original post. At the time, I really didn't think the story would have much national exposure. Wow, was I wrong. It just tells me how much political clout the farm states have. Today, this story in The WSJ: USDA, senators vow to change farmer cooperative tax provision.
Added days before the tax bill was signed, the wording gives farmers who sell grain to cooperatives an unintended advantage.
The National Council of Farmer Cooperatives and the National Grain and Feed Association, which has members with both business structures, are working to revise the provision with Sens. John Hoeven (R., N.D.) and John Thune (R., S.D.), who originally backed it.
“A technical change needs to happen and everybody’s working hard to make sure that change can happen as quickly as possible,” he said.
At the original post I suggested that this "problem" could easily be solved, and there they say it's just a matter of making a technical change.

Maybe that's all that's required with regard to the mortgage interest deduction to make the law "fair" between red states and blue states: a technical change. LOL. 

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