John Thune: “A permanent feature of the tax code will allow them to…”

“And many farmers and ranchers will be able to claim the 199, a small business deduction, which frees up more cash for them to invest in their operations plus full expensing. Now, A permanent feature of the tax code will allow them to deduct the full cost of new equipment the year they start using it. That's good news whether you need a new tractor or combine or you're working to build the farm of the future with precision technology. Madam President, farming and ranching is more than just a job.” (03:53–04:01)

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