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The Joint Committee on Taxation (JCT) released its report on the Ways and Means Committee Tax Reform Working Groups. Congressman Adrian Smith (R-NE) and Congressman John B. Larson (D-CT), leaders of the Tax Reform Working Group on Financial Services, released the following statement:
Earlier this month, President Obama released his budget even though it was due on February 4th. While the House and Senate have already passed 10-year budget resolutions and the President’s proposals have little chance of being enacted, it is a revealing look at his priorities and vision for America. Of particular interest to Nebraskans is how the President’s proposals would affect agriculture, the backbone of our local economy.