Beef Buzz News
Beef Industry Gears Up to Battle It Out in DC Over Tax Reform - With the Death Tax in the Crosshairs
Wed, 13 Sep 2017 12:08:32 CDT
The cattle industry is gearing up for what is shaping up to be a real battle for producers, as Congress sets its sights on moving forward with comprehensive tax reform measures. Danielle Beck is director of governmental affairs for the National Cattlemen's Beef Association and she explained to Radio Oklahoma Ag Network Farm Director Ron Hays, that Congressional leaders are committed to getting legislation through by the end of this year. But, things at the moment are still a bit unorganized she says, with lawmakers just back from the summer recess.
Listen to NCBA's Danielle Beck speak on the organization's high priority issues relative to tax reform
"The timetable in terms of tax reform is much in flux, but everyone from the administration to lawmakers on Capitol Hill recognize that the tax code here in the US has not been fundamentally reformed in 31 years," Beck said. "President Trump ran a campaign based on sound business principles which is clearly in his wheelhouse and has been a top priority of his from Day 1."
However, Beck admits no one truly knows what comprehensive tax reform will look like at this juncture. But, she asserts there a few priorities that NCBA intends to push during the process. The biggest target of course, is the repeal of the Death Tax, which she says has hindered the farming community for more than 100 years. Reformation of the tax code is the perfect opportunity to ensure the Death Tax is completely repealed once and for all. Beck insists that NCBA members have a role to play in the success of this plan, and encourages members to contact their congressional leaders in Washington early and frequently, to advocate for this and other measures important to cattle producers.
"After that, we want to make sure that we're preserving provisions that are critically important to our producers," she said. "Right now, cash accounting, like-kind exchange, step-up in bases, utilizing interest deductions as a legitimate business expense - all of these are tools in the toolbox that our producers use every single day when it comes to helping transition from one generation to the next, and managing their expenses and tax burden is years of high volatility and depressed markets."
Listen to NCBA's Danielle Beck speak on the organization's high priority issues relative to tax reform, ahead of intended policy moves forward by Congress, with Ron Hays, on today's Beef Buzz. In the meantime, check out NCBA's new website CattlemenForTaxReform.com, promoting the industry's tax reform agenda.
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.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Kaitlynn Glover Reviews Supreme Court Oral Arguments on WOTUS Wed, 05 Oct 2022 09:45:32 CDT
NCBA Working to Keep GIPSA Rules in the Past Tue, 04 Oct 2022 09:15:31 CDT
NCBA's Colin Woodall Believes Beef is a Key Part of the Solution to Stamping out Hunger Mon, 03 Oct 2022 11:52:58 CDT
Federal Disaster Programs Available to Aid Producers in Forage Loss and Transportation Fri, 30 Sep 2022 08:53:09 CDT
Congressman Frank Lucas Works to Exclude Farmers and Ranchers from SEC Climate Disclosure Rulemaking Thu, 29 Sep 2022 13:17:29 CDT
USDA's Proposed Regulations Under the Packers and Stockyards Act Raises Concerns from NCBA Wed, 28 Sep 2022 09:25:15 CDT
Derrell Peel Believes Strong Incentives Coming for Cattle Producers Once We See Drought's End Tue, 27 Sep 2022 08:45:14 CDT
Derrell Peel Sees Beef Cow Culling to Set All-Time Record by the Fourth Quarter of 2022 Mon, 26 Sep 2022 10:03:22 CDT
Integrity Beef Helping Producers Develop Value Added Cattle Fri, 23 Sep 2022 11:18:28 CDT
OCA's Michael Kelsey Likes Pond Cleanout and Drilling Water Wells as Possible Investments of Emergency Drought Funds Thu, 22 Sep 2022 10:58:02 CDT
Iowa Cattleman Tells Lawmakers About Improvements Needed in EQIP and CRP Wed, 21 Sep 2022 10:21:45 CDT
Beef Demand Remains Stronger than Anticipated Despite Stubborn Inflation Tue, 20 Sep 2022 09:41:19 CDT
As Drought Persists, Cow Herd Liquidation Continues Mon, 19 Sep 2022 10:03:30 CDT
Integrity Beef Receives Climate-Smart Ag Grant to Ensure Longevity and Sustainability of the American Ranch Fri, 16 Sep 2022 09:35:58 CDT
Hereford Breed Continues to Provide Value to Cattlemen as Demand Remains Strong Thu, 15 Sep 2022 09:00:11 CDT
Consumers Keep Buying Beef, but Many Looking for Ways to Keep Cost Per Meal Affordable Wed, 14 Sep 2022 10:42:26 CDT
Decades of Work by Beef Industry Yields a Billion Dollars Monthly in Beef Exports Tue, 13 Sep 2022 09:44:36 CDT
Biden Administration Hurries to Finish Their Finalized Rule on WOTUS- Ignoring Supreme Court Arguments in October Mon, 12 Sep 2022 10:53:15 CDT
Mary Thomas Hart says Livestock Regulatory Protection Act is a Top Priority for NCBA Fri, 09 Sep 2022 08:54:03 CDT
Cattlemen's Congress- The Mecca for Domestic and International Cattle Producers Thu, 08 Sep 2022 09:58:03 CDT
PJ Budler Working with Cattlemen's Congress to Make it a Premier Destination for International Cattle Producers Wed, 07 Sep 2022 09:37:02 CDT
As Concerns Over China Rise, They Remain a Top Tier Destination for US Beef Tue, 06 Sep 2022 10:39:19 CDT
ICYMI- OSU's Rosslyn Biggs talks Rural Vet Shortage Across the Country Mon, 05 Sep 2022 12:37:29 CDT
Beef. It's What's for Dinner. Remains a Top-Tier Brand to Consumers Fri, 02 Sep 2022 08:52:58 CDT
USDA Proposal on Electronic ID Tags Only for Animal Disease Traceback Thu, 01 Sep 2022 10:01:40 CDT
NCBA Supportive of Cattle Electronic ID System to Aid in Disease Traceability Wed, 31 Aug 2022 09:10:48 CDT
OSU's Derrell Peel Sees Tighter Cattle Numbers Translating Into Falling Beef Production Tue, 30 Aug 2022 10:18:19 CDT
FSA Administrator, Zach Ducheneaux, Working to Continuously Improve Assistance Programs for Cattle Producers Mon, 29 Aug 2022 10:04:40 CDT
Jaymelynn Farney Provides Insight on Good Forage Options for Cattle Producers in Fall 2022 Fri, 26 Aug 2022 10:20:15 CDT
Cover Cropping a Valuable Strategy for Ranchers, says Jaymelynn Farney Thu, 25 Aug 2022 13:16:08 CDT
Hay Supplies are Short and Likely to Get Worse, Says Cattle Marketer Bob Rodenberger Wed, 24 Aug 2022 08:00:08 CDT
Significant Decline in Female Numbers Coming in 2023 says Derrell Peel Tue, 23 Aug 2022 09:48:22 CDT
USDA August Cattle on Feed Report Run-Down with Derrell Peel Mon, 22 Aug 2022 10:14:46 CDT
Upcoming Webinar to Educate Cattle Producers about the Newest Pest Threatening the Industry Fri, 19 Aug 2022 09:06:31 CDT
NCBA's Kent Bacus Says Beef Exports Looking Great in 2022- But There's Still Trade Challenges to Conquer Thu, 18 Aug 2022 09:16:08 CDT