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Below you'll find a list of all posts that have been tagged as “tax reform”
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 …
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 …
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 …
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’ …
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 …
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 …
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 …
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 …
Congress is back in session with a promise to work on tax reform this month. American Farm Bureau Federation tax specialist Pat Wolff says farmers need overall tax relief from Congress in any tax reform package. Wolff says there is a lot of talk about lowering corporate tax rates but says business structures vary for farms, most of which …
U.S. Secretary of Agriculture Sonny Perdue today expressed his strong support for President Trump’s tax reform agenda as a great benefit to the American agriculture community. Perdue issued the following statement: “Just as he has done with excessive and costly regulations, President Trump has focused on the problem of onerous and burdensome taxes. Most agricultural operations are, in fact, small …
