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Key for Agriculture Hangs in the Balance

Dan Economy, Industry News Release

Tax Reform key for agriculture and other sectors, hangs in the balance this week as the Senate takes an expected razor-thin vote on a budget bill crucial to passing tax reform. The fate of tax reform, a top priority of the president and GOP, will likely be determined by this week’s Senate vote on a so-called ‘reconciliation’ budget. American Farm …

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Budget Passage Critical for Tax Reform

Dan Economy, Industry News Release

The House has passed its budget bill, and the Senate has passed its version out of committee. The two chambers must come together to iron out the difference to provide tax relief to farmers and ranchers once the Senate bill moves forward. American Farm Bureau Federation congressional relations director RJ Karney says a budget must be finished to allow tax …

president

President Trump’s Pennsylvania Tax Reform Speech

Dan Economy, Industry News Release

This week President Donald Trump made a speech about his administration’s tax reform plan. He addressed truckers in Pennsylvania. Mr. Trump told the truckers his tax reforms will create American jobs by lowering taxes in several ways. The President also says it will be possible for most Americans to do their taxes on a single sheet of paper. The particulars …

perdue

Perdue on President Trump’s Tax Reform Agenda

Dan Economy, Industry News Release

U.S. Secretary of Agriculture Sonny Perdue expressed strong support for the tax reform agenda championed by President Donald J. Trump, hailing it as a great benefit to American agricultural producers. President Trump highlighted the tax reform proposals in an event in Pennsylvania featuring truckers and representatives of the trucking industry. Perdue issued the following statement: “The President’s proposed tax cuts …

tax reform

Tax Reform Details to be Decided May Affect Agriculture

Dan Economy, Industry News Release

A senior member of the Senate Finance Committee is predicting some of the missing details affecting agriculture in the Senate GOP tax reform bill. Former Senate Finance Chair Chuck Grassley says while many tax reform details are yet to be decided, some are starting to take shape. Grassley suggests tax writers already have a figure in mind, for ‘stepped-up basis’ …

tax reform

Battle Lines Drawn on Tax Reform

Dan Economy, Industry News Release

The battle lines are drawn on President Trump’s tax reform proposals. The top Senate Democrat has just ‘tarred and feathered’ key provisions that would benefit farmers and other small businesses. Democrats stopped the GOP effort to repeal Obamacare, now they’re taking aim at the Republican push for tax reform, including estate tax repeal and changes to ‘pass-through’ tax rates that …

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Perdue Statement on President Trump’s Tax Reform Agenda

Dan Economy, Industry News Release

Secretary of Agriculture Sonny Perdue applauded President Donald J. Trump’s vision of a broad reform of the American tax code, which will result in dramatic tax cuts for millions of American individuals, families, businesses, and family farmers, ranchers, and foresters. Secretary Perdue issued the following statement: “The people of American agriculture work hard every day to provide food, fiber, and …

american farm bureau

American Farm Bureau Encouraged by Tax Framework, but Refinement Needed

Dan Industry News Release

The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “Comprehensive tax reform is essential to addressing the financial challenges faced by America’s farmers and ranchers. The tax-reform framework announced today is an important step toward a fair and equitable tax system that encourages success, savings, investment, and entrepreneurship. “Farm Bureau is encouraged to see that this …

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Cattlemen Launch Month Long Media Campaign for Comprehensive Tax Reform

Dan Cattle, Industry News Release

NCBA Launches new website: CattlemenForTaxReform.com The National Cattlemen’s Beef Association kicked off a media and advertising campaign that will shine a spotlight on how various federal tax provisions impact America’s cattle and beef producers. The campaign, which will focus heavily on the death tax, aims to build support in Washington for comprehensive tax reform that makes our tax code fair …