NEWS
Washington Insider--Friday
Fri Feb 28, 2014 05:46 AM CST

Here's a quick monitor of Washington farm and trade policy issues from DTN's well-placed observer.

Proposed House Tax Reform Bill Would Retain Cash Accounting for All Farms

The tax reform package released this week by House Ways and Means Committee Chairman Dave Camp, D-Mich., dropped a provision that would have required all business –– including farms –– that have gross receipts of more than $10 million use the accrual, rather than the cash method of accounting. According to an accounting firm called Kennedy and Coe, the switch would have added as much as $4.8 billion to ...

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