Agriculture praises passage of tax bill

| December 21, 2017
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WASHINGTON — A variety of people in the agricultural industry are applauding the passage of the tax bill.

In a news release Patricia Wolff, senior director of Congressional relations for the American Farm Bureau Federation stated, “Farm Bureau believes the tax reform bill that passed Congress today will result in lower taxes for most farmers and ranchers, so we are pleased with the outcome of the year and a half long process to reform the tax code.”

Secretary Sonny Perdue said the tax bill, “should be able to keep more of what they earn to reinvest in their operations and take care of their families.” Perdue also thanks President Trump for his dedication to American Farmers.

House Ag Chair Mike Conaway says: “From lower marginal rates to the treatment of pass-through income to improved small business expensing, this bill delivers for farmers, ranchers and all rural America.” Meanwhile, Senate Agriculture Chairman Pat Roberts says the legislation “impacts every single American,” offering a fairer, simpler tax code.

Sen. Clair McCaskill has a different opinion. Before the vote she stated, “This tax plan doesn’t live up the commitment I got from President Trump, when he told me he wouldn’t support tax reform that benefited the very rich at the expense of the little guy.”

 

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Category: Farm, Farm News

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