Perdue: Trump Tax Plan Will "Ease Burden" on Ag-Related Jobs

October 12, 2017 10:07 AM
 
Tax Reform

The nation’s highest position in agriculture is backing President Donald Trump’s tax reform plan.

Last month, Trump unveiled his new tax plan in Indianapolis last month, promising “revolutionary change” to help the middle class.

“This is a once-in-a-generation opportunity, Trump said during his speech. “It’s probably something I can say I’m very good at. I’ve been waiting for this a long time.”

U.S. Secretary of Agriculture Sonny Perdue is supporting the president’s plans, saying it will be a great benefit to American agriculture.

Perdue issued the following statement on Wednesday:

“Some of the benefits are self-evident, such as eliminating the ‘Death Tax’ on family farms or reducing the time and expense involved in merely complying with the onerous tax code. But others help agriculture in less obvious ways, as in easing the burden on truckers. Without the trucking industry, many products of American agriculture would have a much more difficult time getting to market. Anything that helps keep trucks on the road and facilitates commerce is good for the farmers, ranchers, foresters, and producers of American agriculture.”

Back to news


 

RELATED CONTENT

Comments

 
Spell Check

Zagnut
Eastern, NE
10/13/2017 09:48 AM
 

  There hasn't been a release of a thorough blueprint of this tax plan that will ease the burden on American farmers. How is changing the tax code easing the burden on truckers? How do hours of work for a trucker and the tax code intertwine? Perdue is spewing the bullshit that Trump wants. On a national basis, not many of us are affected by the estate tax, state level can be a different issue. Anyway you look at it, simplifying the tax codes will mean a loss of business deductions which will in effect raise our taxes even if we have a "lower tax bracket." All people hear is the elimination of the "death tax" and lower tax brackets. There's a reason why the Trumpster hasn't released all of his details for the overhaul of the tax system in the country. I think Tillerson's observation of Trump is correct and I'm paraphrasing here--'He's a fucking moron!'

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by Barchart.com
brought-by
Close