Washington Post: Lobbying Bonanza Begins Over Trump Tax Plan

News / In The News May 16, 2017

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A Washington Post Wonkblog article explored reactions to President Donald Trump’s release last month of a one-page blueprint for overhauling the federal tax code. Administration officials lauded the changes as “the start of a simpler tax system, one with lower rates for everyone but also with far fewer of the deductions, loopholes and carve-outs that make the current code so complicated,” noted the Post.

However, a plethora of industry groups including agriculture are turning to Congress for help defending current tax breaks. Pat Wolff, AFBF’s tax specialist, told the Post that a loose-knit group known as the “Tax Aggies” strategized and ultimately decided to draft a handful of letters outlining various priorities for members to use.

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The lower individual tax rates and the new business tax rate contained in the Tax Cuts and Jobs Act (H.R. 1), set for a House vote on Thursday, hold the potential to reduce income taxes for farmers and ranchers, according to the American Farm Bureau Federation.

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Support the American Farm Bureau Foundation for Agriculture and enjoy an evening with your friends, colleagues and fellow Farm Bureau members!

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