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2008 Farm Bill Extended

2013-01-02 17:39:00| Corn & Soybean Digest

The 2008 Farm Bill has been extended for nine months. A plunge off the fiscal cliff was averted late Tuesday (Jan. 1) evening when the House passed HR 8, the Tax Relief Extension Act earlier passed by the Senate, 89 to 8 on a 257 to 167 vote. The legislation, which contains the 2008 Farm Bill extension, is expected to raise taxes by some $620 billion by increasing tax rates on incomes over $400,000 for individuals and $450,000 for couples. read more

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