congressman

Congressman Calls Tax Reform Positive for Farmers

Dan Farm Bill, Industry News Release, Legislative

Congressman Rodney Davis said he had Illinois farmers in mind when voting on Tax Reform Legislation. The Republican says the recent changes are a positive for farmers and will help lessen their financial risk. Tax When asked about the status of the 2018 Farm Bill, Congressman Davis said he expects Farm Bill debates to begin in early February. Farm Bill …

farmers

Farmers Celebrate 2017 Victories

Dan Economy, Industry News Release

From tax reform, to the Waters of the U.S. Rule, officials in Washington, D.C., gave farmers and ranchers plenty to cheer about last year. American Farm Bureau Federation President Zippy Duvall this month told Farm Bureau members at the organization’s Annual Convention that tax reform topped the list. Tax Duvall says the Waters of the U.S. rule was one of …

nfu

NFU President Johnson: Tax Reform Hurts Farm Bill

Dan Farm Bill, Industry News Release

The recent tax reform package will hurt farm bill negotiations, according to National Farmers Union (NFU) President Roger Johnson. He says President Trump’s tax package will affect farmers in two ways. Tax Citing PAYGO – a budget rule requiring that tax cuts as well as increases in entitlement and other mandatory spending must be covered by tax increases or cuts …

farmers

Tax Reform Will Benefit Ag Community in Many Ways, Right Away

Dan Economy, Industry News Release

A U.S. representative from Washington State says the end of 2017 tax reforms will benefit agriculture immediately. Central Washington representative Dan Newhouse says there will be many benefits to the ag industry, and many, right away. Tax Newhouse added, while a few details have yet to be realized, and some of the benefits will not take place immediately, he’s confident …

scott

Agriculture Secretary Perdue Comments on Tax Reform

Dan Economy, Industry News Release

Agriculture Secretary Sonny Perdue calls the recently passed tax reform bill a “once-in-a-generation” reform of the federal tax code. Calling tax reform an eagerly awaited Christmas present for taxpayers, Perdue says “tax paying people of American agriculture need relief.” In his statement, Perdue offered thanks to President Trump and commended Congress for passage of the legislation. He says most family …

appropriations

Agriculture Groups Respond to Tax Reform Package

Dan Economy, Industry News Release

American Farm Bureau Tax Reform Package to Benefit Farmers, Ranchers The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “The tax reform package passed by Congress this week will result in lower taxes for the vast majority of farmers and ranchers. This tax overhaul includes many changes to the tax code, most notably lower individual tax …

higher tariffs

How Agriculture Fares with Tax Relief Package

Dan Cattle, Economy

Now that both the U.S. House and Senate have approved the final version of the new tax reform legislation, National Cattlemen’s Beef Association (NCBA) Director of Government Affairs, Danielle Beck looks at what the legislation means for agriculture. How Agriculture Fares with Tax Relief Package

ncba

NCBA Comments on Tax Reform

Dan Cattle, Economy, Industry News Release

Tax reform and trade are inserted daily in today’s agricultural conversations all around the United States. 2017 National Cattlemen’s Beef Association (NCBA) President Elect Kevin Kester says these issues are on the forefront of all in the cattle industry, too. Regarding tax reform, Kester says they support a full elimination of the death tax. Tax Kester says there is also …

letter

Long Awaited Tax Reform Nearing Reality

Dan Economy, Industry News Release

Comprehensive tax reform, supported by the American Farm Bureau Federation, could soon cross the finish line. The House and Senate have both passed their own versions of tax reform bills.  According to AFBF senior congressional relations director Pat Wolff, the biggest difference for agriculture is how pass-through business income will be treated, income reported by farmers and ranchers who file …

tax

Senate Tax Bill Doesn’t Include Section 199 Deductions

Dan Economy, Industry News Release

The Senate tax bill passed over the weekend does not include a deduction that farm cooperatives lobbied to keep in the tax reform package. The National Council of Farmer Cooperatives (NCFC) says the Domestic Production Activities Deduction, also known as the Section 199 deduction, means farmers may end up paying more taxes. Chuck Conner, NCFC CEO, previously said that Section …