If you’re like me, you’re tired of hearing and reading about the fiscal cliff. If you’re like me, you’re still following the issue anyway.
The fiscal cliff refers to a combination of expiring federal tax cuts and government spending cuts scheduled to go into effect Dec. 31. Agriculture has a big stake in how things work out. Higher estate taxes, higher income tax rates and less-favorable depreciation rules are all in play.
If I hear “fiscal cliff” one time too many, I might scream. Until then, I’ll grit my teeth and continue to follow what happens.