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Inside Washington: How tax bill could impact farm bill spending

If sequestration is implemented to pay for tax cut-created deficit, it would effectively eliminate all spending on farm programs.

The Congressional Budget Office’s (CBO) Nov. 26 cost estimate projects that the current tax reform bill would increase off-budget deficits by roughly $1.44 trillion between 2018 and 2027. The CBO report has raised concerns about the potential impact the congressional tax bills could have on farm programs and the farm bill.

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