NEWS
Ag Policy Blog
Chris Clayton DTN Ag Policy Editor
Tue Dec 17, 2013 12:03 PM CST

Roughly 50 tax credits and business deductions expire at the end of the year, leading to more groups suddenly becoming vocal about "tax extenders" legislation.

Sen. Charles Grassley, R-Iowa, said the tax credits for a broad array of businesses did not get a vote this year because key lawmakers on the House Ways & Means and Senate Finance committees all believe a major tax-reform bill is still possible.

The sunsetting tax credits amount to roughly $54 billion in potentially lost tax breaks for 2014. The big ones are a couple that most farmers use to offset income -- bonus depreciation and ...

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