NFU Opposes House Tax Proposal

On Thursday, House leadership released its blueprint for sweeping tax reform, including significant cuts to individual and corporate tax rates and the eventual repeal of the estate tax.  The plan is estimated to cost $1.51 trillion over the next decade.  National Farmers Union President Roger Johnson said while NFU supports efforts to simplify the tax code.

“We adamantly oppose the overarching elements of this plan because they shift the nation’s tax burden from the top earners in our country to the backs of American family farmers, ranchers and the middle class.”

Johnson went on to say the Republican plan offers significant tax cuts for corporations and the wealthy.  And it does not provide adequate offsets for these cuts.

“While we await details on specific provisions for farming operations, NFU urges a shift towards simplified, progressive tax policy that recognizes the unique needs of family farming and ranching operations.”

Johnson added he would like to see the estate tax remain, and provisions like cash accounting, stepped-up.

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