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During his weekly ag conference call with broadcasters and reporters, United States Senator Chuck Grassley (R-IA) on Tuesday was asked for an update on Senate work regarding tax policy. Senator Grassley provided an update on the Senate Finance Committee’s latest progress.
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According to Congress.gov, “Section 199A allows individuals, trusts, and estates with pass-through business income to deduct up to 20% of qualified business income (QBI) from taxable ordinary income.”
Grassley says after weeks of meetings and discussions, the work on the tax bill is starting to take shape.
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That was United States Senator Chuck Grassley (R-IA).
