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Beef Buzz News

Beef Industry Hopeful as Major Tax and Trade Reform Talks are Anticipated to Start Early this Spring

Thu, 05 Jan 2017 12:01:11 CST

Beef Industry Hopeful as Major Tax and Trade Reform Talks are Anticipated to Start Early this Spring One thing that has cattle producers excited about a new president and both the House and Senate under Republican control, National Cattlemen’s Beef Association’s Vice President of Governmental Affairs Colin Woodall tells Radio Oklahoma Ag Network Farm Director Ron Hays, is the potential to finally see some cooperation in progressing a comprehensive tax reform plan.

“This was an area we didn’t really expect to have an opportunity to work on in 2017,” Woodall said. “Our understanding is both the House and Senate want to make this a top priority, so we very well could start seeing some action on this here in early spring of 2017.”

Woodall points out that while some changes to the widely disliked and detrimental Death Tax have been made, he contends that the agricultural community including NCBA, will not rest until there is a complete and total repeal of this tax. In addition, he says focus will be made, too, on revamping the capital gains tax, along with some other unfinished business from this past year, which he hopes will include some serious discussions on trade policy.

“We don’t get the impression that trade is completely off the table. We just need to stick to the facts; we have a very compelling story, for all of agriculture but especially those of us in cattle production, on what our trading relationships bring to us,” Woodall said. “So we’re excited about hopefully getting a very quick start on this.”

Listen to Hays’ full conversation with Woodall regarding his thoughts on tax and trade reform under the coming Trump administration, on today’s Beef Buzz.

The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.



Listen to Hays and Woodall talk on the possibility of tax and trade reform talks later this spring.
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