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Tax Relief for American Families and Workers Act of 2024

Floor Speech

Date: Jan. 31, 2024
Location: Washington, DC

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Mr. FEENSTRA. Mr. Speaker, agriculture is the economic engine of my district, and our tax policies must help our farmers grow, invest, and compete with China. This legislation does exactly that.

Our farmers will benefit from two key provisions in this bill: 100 percent bonus appreciation and the expansion of the section 179 deduction limit. Our producers rely on these tools to buy farm equipment and invest in their operations.

This legislation is a victory for our farmers and rural communities.

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