NEWS
Tax Measures Ring in New Year
Chris Clayton DTN Ag Policy Editor
Tue Jan 1, 2013 10:35 AM CST

OMAHA (DTN) -- The U.S. Senate voted early New Year's morning to raise taxes on wealthier Americans with legislation that also extended some portions of the 2008 farm bill.

Though lawmakers missed a self-imposed deadline, the legislation approved 89-8 would avoid raising income taxes on 98% of the country. The bill, if approved by the House, also prevents the permanent farm law from going into effect, thus avoiding the possibility of soaring dairy prices.

The bill now goes to the House, where eyes will be on leaders of both parties and whether they can muster the votes to send the ...

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