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Thursday, October 19, 2017

Selling Cattle to China, Tax Cuts



China: Livestock and Products Annual
“While U.S. beef producers and exporters celebrate the return of U.S. beef to the China market, initial trade volumes will be limited by the number of U.S. cattle eligible for export to China. Overall, Post forecasts that while China’s domestic production will only see an incremental increase, imports in 2018 are forecast to increase by 15 percent to meet increasing consumer demand for this higher-end protein.”

Question: On the Amendment (Capito Amdt. No. 1393 )
“To help provide tax relief to middle-class Americans by reducing deductibility, for Federal tax purposes, of federal deductions, such as the state and local tax deduction which disproportionally favors high-income individuals.”