The Supreme Court just issued their ruling stating that ObamaCare is partly constitutional and partly non-constitutional, but the constitutional right of Congress to levy taxes trumps the Commerce Clause.
This was an extremely tight 5-4 ruling with Chief Justice Roberts siding with the 4 more liberal justices.
For now, the most immediate effect facing farmers is the imposition of the Medicare Surtax on earned income and unearned income starting January 1, 2013.
Even if Romney gets elected, any repeal of this will happen after January 1 and who knows if it would affect this part of the bill or not.
Paul NeifferCategories: Demographics, Farm Industry Trends, Farm Taxes