Farmers and Ranchers Face Business Closures as Tax Cuts Expire, Committee Members Hear

The Internal Revenue Service building in Washington. Marcnorman/iStock/Getty Images

Witness testimony before the House Small Business Committee projected the closure of more farms and ranches if the 2017 tax cuts expire in the coming months.

Russell Boeing, the president of the Texas Farm Bureau, was questioned by Rep. Wesley Hunt (R-Texas) during an April 18 hearing entitled “Paying Their Fair Share: How Tax Hikes Crush the Competitiveness of Small Businesses.”