Congress returns next month and immediately faces huge spending and debt ceiling challenges, before other politically important measures like tax reform and the farm bill. House and Senate appropriators have both sent USDA spending bills to the full House and Senate, though neither has acted yet, and the two bills that both reject big cuts proposed by the president would …
Tax and Regulatory Reform Top AFBF Fall Agenda
Tax and regulatory reform and a new farm bill will top the American Farm Bureau’s fall agenda, according to Farm Bureau’s executive director. Dale Moore says tax reform looks the most promising right now as lawmakers face a very busy fall schedule. But there’s much more Farm Bureau’s pursuing. Moore hopes the Farm Bill will be wrapped up by early …
Poll Shows Americans Support Tax Reform for Farmers
A new poll shows a large majority of American voters support tax reforms, including some changes that would help America’s farm and ranch families. The survey, conducted by Morning Consult, found that 7 out of 10 American voters agreed passing tax reforms should be an important priority for Congress. Over half the voters supported specific tax reform provisions that would …
Tax Reform Crucial for America’s Farmers, Ranchers
Congressional leaders and administration officials have released a statement on tax reform that addresses many issues of importance to America’s farm and ranch families. The following statement about that action may be attributed to Zippy Duvall, President, American Farm Bureau Federation: “America’s farmers and ranchers are encouraged to see that key congressional leaders and the administration understand how important tax …
Farmers and Ranchers Push for Comprehensive Tax Reform
Tax policies to support and preserve agriculture are essential to every farmer and rancher in America, a group of Farm Bureau members in Washington, D.C., this week to meet with lawmakers say. “Tax reform is critical for farmers and ranchers,” said Isabella Chism, a corn and soybean farmer and Farm Bureau member from Indiana who is vice chair of the …
Farms and Ranches Need Tax Relief Now
from American Farm Bureau Farm and ranch families need a permanent tax code that boosts the agricultural economy and frees them to reinvest in their businesses, Scott VanderWal, a South Dakota farmer, told the House Ways and Means Subcommittee on Tax Policy. “Farmers and ranchers operate under tight profit margins, often at rates of return that are modest compared to …
Tax Reform Central to Improving Economy
Farmers and ranchers need the economic benefits that will follow from tax reform, the American Farm Bureau Federation told Congress in testimony submitted to the House Ways and Means Committee. Weather, high debt-service, a lack of liquidity and the difficulties of passing on land from one generation to the next all make taxation an important issue for farmers and ranchers. …
Hoping for Tax Reform This Year
Some are wondering whether we may actually see tax reform this year. That of course includes the Estate Tax, or as some know it, the Death Tax. Danielle Beck, National Cattlemen’s Beef Association director of government affairs, says there is a strong possibility that substantive change to the tax code will happen by the end of 2017. Sponsored ContentCIR Agriculture …
Tax Reform by August Unlikely
Treasury Secretary Steve Mnuchin (mi-new-chin) says getting tax reform legislation on the President’s desk by August appears unlikely. Mnuchin told the Financial Times this week the tax reform timeline is “highly aggressive to not realistic at this point,” in referring to his prior comments on finishing tax reform by August. He cites health care reforms as the delaying factor, but …
Trump: Healthcare Reform Before Tax Reform
In a Fox Business interview, President Donald Trump put a priority on health care reform before he’ll turn his attention to tax reform. The President said in the interview, “I have to do health care first. I really want to do it right.” He says tax reform is critical to the economy and to large and small businesses. However, he …