McLean County Farm Bureau

HOUSE DEMOCRATS UNVEIL TAX-BREAK EXTENSIONS –

House Democrats are proposing to extend dozens of lapsed and expiring tax breaks through the end of 2020, releasing legislation that will mark the beginning of what’s likely to be a monthslong negotiation with Senate Republicans and the Trump administration. The bill, unveiled Tuesday and set for a Ways and Means Committee vote on Thursday, would revive tax breaks that expired at the end of 2017, including incentives for biodiesel production and a tax credit for maintenance work by short-line railroads. (Wall Street Journal)