Source: POLITICO'S MORNING AGRICULTURE, 12/4/17

The tax legislation H.R. 1 (115) that the Senate passed early Saturday happened only after Republicans frantically rewrote sections to gain additional support. That left many people (including several senators) wondering what did and didn't make the cut. 

Farm operations structured as pass-throughs would get some relief. However, a broad deduction for manufacturers, including agricultural co-ops, would be eliminated. The National Council of Farmer Cooperatives and nearly 200 other groups lobbied to protect the deduction, but their ally, Sen. John Hoeven, wasn't able to offer his amendment. 

What's next: Republicans are feeling confident that they can quickly reconcile the differences with the House version and send it to President Donald Trump's desk by Christmas, reports POLITICO's Brian Faler. 

PAYGO a no? The GOP also is playing down the possibility that the tax bill, which would add an estimated $1.4 trillion to the federal deficit over a decade, will trigger mandatory spending cuts under an obscure Senate rule known as PAYGO.

Groups including the National Farmers Union have been sounding the alarm on the potential cuts to farm bill programs, including commodity subsidies. But Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan issued a statement Friday that said Congress would waive the rule.