Northern Ag Network
Northern Ag Network
Northern Broadcasting System    Northern News Network    Northern Sports Network
Search This Site...
Search This Site...
Ag Needs Tax Reform

Ag Needs Tax Reform

10/9/2017 9:42:00 AM/Categories: Popular Posts, Today's Top 5, People in Ag, Livestock, Grains, National News, Ag Issues

It’s been over 30 years since the last Tax Reform Bill was signed into law by president Reagan. Since then, the tax code has impacted family farms and ranches and even made passing on the family business very expensive or an impossible task. As president Trump works to pass the first tax reform bill in 30 years agriculture is  make sure its voice is heard. 

The National Cattlemen’s Beef Association last month 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 for agricultural producers. The campaign will be centered around a new website, CattlemenForTaxReform.com.
 

“We have a once-in-a-generation opportunity to enact truly comprehensive tax reform, and we can’t afford to let this opportunity pass or to get it wrong,” said NCBA President and Nebraska cattleman Craig Uden. “Family ranchers and farmers deserve a full and permanent repeal of the onerous death tax, which charges them in cash on the often-inflated appraised value of their property and equipment. This campaign will shine a spotlight on the stories of real ranchers who have had to deal with this issue, and it will also highlight current tax provisions that we need to maintain, such as stepped-up basis, cash accounting, and deducibility of interest payments.”

Northern Ag Network & NCBA

Print
Tags:

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Recent Ag News

Montana Youth Shine at Little Britches National Finals Rodeo

7/16/2018 2:20:00 PM
More than 1200 Youth competitors from more than 30 states, including 20 contestants from Montana, were at the Lazy E Arena in Guthrie OK to compete for championship honors and nearly $380,000 in awards and scholarships.  >> Read More
Article rating: No rating

Who Gets Control of "Fake-Meat"?

7/14/2018 7:00:00 AM

The FDA held a hearing about lab-grown meats but it's a gray area over who has control.

>> Read More
Article rating: No rating

U.S. Lamb Heads to Japan

7/13/2018 2:23:00 PM

U.S. lamb has regained access to Japan after a 15-year hiatus.

>> Read More
Article rating: No rating

Legal Advocates for Agriculture: Mountain States Legal Foundation

7/13/2018 8:08:00 AM
Many factors determine the success of farmers and ranchers. Whether it be the weather, agriculture markets or decisions from the State and Federal Government. What happens when farmers and ranchers become entangled in litigation and courtroom battles? Many seek help from agriculture associations that they are members of and also legal advocates. The Mountain States Legal Foundation is one group that takes on cases for hardworking agriculturists in the West. >> Read More
Article rating: No rating

UW Proceeds with "The World Needs More Cowboys" Campaign

7/13/2018 7:49:00 AM
The University of Wyoming is proceeding with a new marketing campaign intended to help grow its enrollment and raise its national and international profile, with a primary campaign tagline of “The World Needs More Cowboys.” >> Read More
Article rating: No rating
RSS

Find Articles by Date

«July 2018»
MonTueWedThuFriSatSun
38
15
171819202122
23242526272829
303112345