Back in the Valley, GOP tax bill gets approval from farmers and businesses
The long-anticipated passage of the GOP tax bill by Congress, now expected to be approved Wednesday after a hiccup Tuesday, is bringing smiles to those who run businesses and farms in the central San Joaquin Valley.
The bill would lower the corporate tax rate to 21 percent, down from 35 percent, which is welcomed by business owners who are incorporated.
Carl Carlsen, the owner of Western Ag & Turf in Madera, said he’s complained many times about the amount he pays in business tax. “You feel you’re not working for yourself anymore,” Carlsen said.
