Lucas Calls Extension of 2008 Farm Bill “a Miracle.”

On New Year’s Night the US House voted 257 to 167 to approve the Senate passed “Affordable Taxpayer Relief Act” that will keep income tatax rates from rising for returns from individuals with earned income less than $400,000- or $450,000 for a couple. It makes permanent the so-called “Bush Tax Cuts” for those under this threshold- and apparently also offers a permanent solution to the Alternative Minimum Tax which has had to be patched annually in recent years- keeping it from snaring millions of Americans with an even higher tax bill in 2012.

The Chairman of the House Ag Committee, Frank Lucas, Third District Congressman from Oklahoma, voted in favor of the measure- he was one of 85 Republicans that joined 173 Democrats to pass the measure. Lucas told Oklahoma agriculture journalist Ron Hays right after the vote that “I voted in favor of lowering taxes, I voted in favor of extending the 2008 Farm Bill for an additional year.” He called the extension of the 2008 farm law through the end of September very good news for the farm community. “In the environment we are working in- it is absolutely a miracle that we got it done.”.

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