Agriculture Headlines

President Signs Tax Bill

Mon, 20 Dec 2010 10:30:46 CST

President Obama has
signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation
Act of 2010. Among other things - the measure includes estate tax reform and
extensions of ethanol and biodiesel tax incentives. Also of note – the
legislation extends existing individual income tax, capital gains and dividend
tax rates for two years and extends dozens of short-term tax breaks including
the deduction for state and local income taxes.

style="FONT-FAMILY: arial; FONT-SIZE: 10pt">U.S. Ag Secretary Tom Vilsack called
the legislation a major victory for America’s families, businesses, farmers and
ranchers – and for the nation’s economic recovery. With his signature – Vilsack
said President Obama is bolstering efforts underway to rebuild and revitalize
rural America and promoting job creation in rural communities.

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