MOFB President Garrett Hawkins issued the following statement following the House passage of the “One, Big, Beautiful Bill”:
We are pleased that the House approved the “One, Big, Beautiful Bill” early this morning, clearing the way for further progress on these important initiatives. Our organization remains firmly committed to bringing the next generation home to rural Missouri. The legislation as passed contains top-tier Missouri Farm Bureau priorities to do just that, including making permanent several critical tax provisions such as an increased estate tax exemption, increasing access to Section 179 expensing, and ensuring continued use of key tools such as cash accounting, business interest deductions, and expensing for farms and small businesses.
Additionally, the bill contains critical updates to the current farm safety net, including a reference price increase under farm bill programs and updates to dairy margin coverage. We are pleased to see several provisions related to promoting affordable, reliable and domestically produced energy and biofuels contained in the legislation. All of these things together, we believe, will help build a stronger and more resilient rural economy for our children and grandchildren to call home.
We commend House Ways and Means Committee Chairman Jason Smith for his continued efforts and leadership on these important matters. Aided by his colleagues in Congress and the Missouri delegation, Chairman Smith is delivering for rural Missourians through this legislation. We look forward to continued dialogue on these key priorities as the bill moves to the Senate for further consideration.
