tax reform

Poll Shows Americans Support Tax Reform for Farmers

Taylor Hillman Industry News Release

tax reform
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 be a benefit for farmers and ranchers. Some of the provisions include allowing farmers to deduct machinery purchases in the year they’re made, decreasing capital gains taxes, and eliminating the death tax.

Farm Bureau President Zippy Duvall says Americans are ready for tax reform. “Many Americans know the toll that taxes take on our farm and ranch families,” Duvall says. “Congress must take action to provide tax relief. Farmers and ranchers will be sharing that message with lawmakers until the job is done.” Tax rates are a key area ripe for reform. The Morning Consult poll shows that 63 percent of respondents agree that federal income tax rates are too high. Two out of three voters in the survey say farmers and ranchers should get special tax treatment because of the challenges and risks that are specific to agriculture.

From the National Association of Farm Broadcasting News Service.