Trump’s Tax Reform Speech Has “Loudest” Message to Rural America

Tax reform is on the agenda in Washington D.C. when legislators return from a month-long recess. Before Congress resumes, President Donald Trump rolled out a four-point plan in Missouri earlier this week.

calculator-1474212-1280x960
calculator-1474212-1280x960
(Farm Journal)

Tax reform is on the agenda in Washington D.C. when legislators return from a month-long recess. Before Congress resumes, President Donald Trump rolled out a four-point plan in Missouri earlier this week.

In the plan, the president said Americans are demanding a historic tax reform plan. He said the current tax code is “out of control” and needs to be cleaned up.

Mike Deering, executive director of the Missouri Cattlemen’s Beef Association was in attendance of Trump’s speech. He told AgDay his message to President Trump is to reduce the tax burden without creating new problems for farmers and ranchers.

Deering expects the outlook for passing a comprehensive tax reform is grim.

“[Taxes and healthcare] are two things top of mind for our members, and I am cautiously optimistic, I’m skeptical, a massive comprehensive tax reform package can get through Congress,” he said.

Deering says of all the president’s speeches, this week’s speech seemed to have the loudest message to rural America, not just farmers and ranchers, but businesses that are the backbone of rural communities.

AgWeb-Logo crop
Related Stories
Family fights township attempts to replace historic farm with government project
After being pulled from the farm bill, year-round E15 sales are now heading for a standalone House vote following a key compromise between the ethanol and refining industries.
In a major legislative milestone, the House-passed H.R. 7567 offers a roadmap for the next five years of American agriculture.
Read Next
As the Strait closure enters its tenth week, supply chain gridlock and policy hurdles suggest high input costs will persist through the 2027 planting season, according to Josh Linville, vice president of fertilizer with StoneX.
Get News Daily
Get Market Alerts
Get News & Markets App