From the article:
Josh Rolph of the California Farm Bureau Federation Federal Policy Division said the House Ways and Means and the Senate Finance committees released drafts of changes to the federal tax code in March and November of last year.
“Even though it’s unlikely that Congress would tackle tax reform in an election year, it’s important for farmers and ranchers to be ready, especially when Congress is tackling the budget and trying to find cost savings,” Rolph said. “Something like this proposed cash/accrual change would mean more money coming into the federal government and that is why we’re taking this so seriously.”
Read the full article on AgAlert’s website