Feenstra Secures Tax Relief and Agricultural Investments in President Trump’s “One, Big, Beautiful Bill”

WASHINGTON, D.C. – This week, as the only member of Congress serving on both the House Ways and Means Committee and the House Agriculture Committee, U.S. Rep. Randy Feenstra (R-Hull) voted to advance the tax and agricultural portions of President Trump’s “One, Big, Beautiful Bill” out of each committee.

“This week, as a member of both the Ways and Means Committee and the Agriculture Committee, I voted to advance the tax cuts and agricultural investments of President Trump’s ‘One, Big, Beautiful Bill.’ This legislation lowers taxes for our families, farmers, workers, and businesses while supporting investments in domestic manufacturing, business growth, Iowa agriculture, and U.S. energy production,” said Rep. Feenstra. “I’m also glad that provisions that I led are included like death tax relief, paid family and medical leave for employees of small businesses, affordable crop insurance policies for young and beginning farmers, investments in foreign animal disease prevention, and expansion of our export markets. Working with President Trump, we are delivering on our promise to the American people to cut taxes, grow our economy, secure our border, and unleash American energy production.”

Feenstra-led and -sponsored provisions include:

• An increase in the exemption on the death tax,
• Support for small businesses to offer paid family and medical leave to their employees,
• Flexibility for community banks to offer agricultural business loans at more affordable rates for farmers and rural businesses,
• Investments in homegrown Iowa biofuels,
• Tax provisions to help American businesses compete on a level playing field with foreign businesses,
• Higher standard deduction for families and workers,
• New $4,000 bonus deduction for seniors,
• Increased child tax credit for families,
• Permanent 23% deduction for qualified business income for small businesses,
• Lower crop insurance costs for young, beginning, and veteran farmers,
• Doubled funding for the Market Access Program and Foreign Market Development Program,
• Support for foreign animal disease prevention, mitigation, and response,
• Prevention of administrative errors when distributing SNAP payments, ensuring nutrition assistance is fighting food insecurity, and,
• Investments in watershed infrastructure and flood prevention.

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