U.S. Secretary of Agriculture Sonny Perdue today expressed his strong support for President Trump’s tax reform agenda as a great benefit to the American agriculture community. Perdue issued the following statement:
“Just as he has done with excessive and costly regulations, President Trump has focused on the problem of onerous and burdensome taxes. Most agricultural operations are, in fact, small businesses, and the time and costs associated with merely complying with the tax code are impeding American prosperity. Farming is a complex enterprise, as even the smallest operations know, so the attention and financial resources that are diverted to handling taxes are an extra barrier to success.
“People should be able to keep more of what they have earned through the sweat of their brows, which will also invigorate the entire United States economy. The Death Tax is one section of the code that is particularly offensive to agriculture, as too many family farms have had to be broken up or sold off to pay the tax bill. The president’s tax reform package will be of great benefit to agriculture and help improve rural prosperity.”