Home Indiana Agriculture News Perdue Offers Support to Trump Tax Plan

Perdue Offers Support to Trump Tax Plan

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In a statement Wednesday afternoon, Agriculture Secretary Sonny Perdue offered support to President Trump’s tax reform agenda. Trump announced his plans for tax reform during a stop in Springfield, MO. Perdue said, “The president’s tax reform package will be of great benefit to agriculture and help improve rural prosperity.” Trump did not offer many details on reforms, but offered broad outlines that he said would offer economic benefits to main street America. Trump says the plan includes cutting taxes for individuals and businesses. Perdue mentioned that farms are small businesses and that “time and costs associated with merely complying with the tax code are impeding American prosperity.”

Secretary also mentioned the Estate Tax, or death tax, saying, “Too many family farms have had to be broken up or sold off to pay the tax bill.”

Source: NAFB News Service