Congressional leaders and administration officials have released a statement on tax reform that addresses many issues of importance to America’s farm and ranch families. The following statement about that action may be attributed to Zippy Duvall, President, American Farm Bureau Federation:
“America’s farmers and ranchers are encouraged to see that key congressional leaders and the administration understand how important tax reform is to all Americans. Fixing our tax system now is crucial to creating economic opportunities for farmers, ranchers, and other family-owned businesses. This is especially important as farmers continue to face down tough economic challenges.
“This move sets the stage for Congress to put tax reform on its agenda. Not only will reform strengthen our economy but by addressing key issues like overall tax rates, capital gains taxes and enhanced expensing, it will be good for farms and other businesses.
“Our farmers and ranchers face numerous challenges and it is important to recognize this creates special circumstances in regard to taxes. We look forward to working with Congress to move tax reform forward and do it in a way that benefits farm and ranch families and all Americans.”
(from American Farm Bureau)