Paul Was on AgriTalk
Paul was on AgriTalk last week discussing various topics
Paul was on AgriTalk last week discussing various topics with Chip Flory. Chip and I had been in Louisville, Kentucky earlier that week for Farm Credit Mid America. I had a 15-minute discussion on what might happen with taxes and then Chip moderated a panel with me and two others on various questions from the audience.
This session was on Tuesday and the next day we got the proposal by the House Republicans to increase the budget deficit by up to $4.5 trillion. However, the final resolution passed late on Friday requires there to be cost cuttings of at least $2 trillion.
If the cost savings come in less than $2 trillion, then tax cuts must be reduced on a dollar-for-dollar basis with a maximum reduction down to $4 trillion over 10-years.
We will keep you posted. This is a moving target plus the Senate has to come on board too.