40: Tax Reform

[Enact] tax reforms [to] make certain that family farms will not be lost.

Other Information:

Agriculture -- Abundant Harvests: Protecting Our Farmers -- Agricultural production and agricultural exports are a fundamental part of the U.S. economy, and the vigor of U.S. agriculture is central to our agenda for jobs, growth, and prosperity. Our farmers and ranchers are responsible for millions of jobs and for generating a trade surplus of more than $137 billion annually. Our producers provide America with abundant food, export food to hungry people around the world, and create a positive trade balance. Because of their care for the land, the United States does not depend on foreign imports for sustenance the way we depend on others for much of our energy. However, Americans are concerned about the increasing cost of their food under the current Administration policies that restrict energy production and raise costs for producers due to increased regulation. Our dependence on foreign imports of fertilizer could threaten our food supply, and we support the development of domestic production of fertilizer. The success of our system of risk management policies will enable farmers and ranchers to continue to feed and fuel the nation and much of the world. Restoring Economic Stability for Our Farmers -- Uncertainty is threatening the survival of our nation’s farmers. America’s growers and farmers are aging and much of America’s farmland will be passed to the next generation of farmers with families. Uncertainties in estate and capital gains tax laws threaten the survival of multigenerational family farms. The proposals for tax reforms contained elsewhere in this document will make certain that family farms will not be lost.

Stakeholder(s):

• Farmers

Objective(s):

1

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