Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   

Beef Buzz News


Death Tax Repeal Inclusion a Big Win for Industry, But Uncertainty Still Lingers in Proposed Tax Plan

Mon, 02 Oct 2017 11:17:26 CDT

Death Tax Repeal Inclusion a Big Win for Industry, But Uncertainty Still Lingers in Proposed Tax Plan House and Senate Republicans from tax writing committees, along with the Trump Administration, rolled out a blueprint for tax reform this last week. Danielle Beck, director of governmental relations for the National Cattlemen’s Beef Association in its Washington, DC office who handles tax issues for the organization, says the item in this proposed package that really jumps out for cattle producers, is the inclusion of full and complete repeal of the Estate Tax - or Death Tax as it is commonly known.


“We are thrilled that President Trump and Republican leadership continue to maintain their commitment to full, permanent repeal of the Death Tax,” Beck said. “We’re really lucky they recognize the burden that the Death Tax places on agricultural producers.”


While the inclusion of this measure in the initial framework of the new tax code is a big win for the industry, Beck says it is something that will have to be seen through to the end in the final package. In addition, though, Beck is concerned not only with getting to the finish line with Death Tax repeal - she is also concerned about what positive provisions in the current tax code, might be modified to the detriment of ranchers. According to her interpretation of the proposal’s language, everything is on the table and up for negotiation. Beck encourages producers to contact their state leaders in Washington and insist that they take action to protect those provisions and push for Death Tax repeal as soon as possible, with reform talks anticipated to begin by early November. (Click or tap here to send a sample letter provided by NCBA to your legislator.)


“The devil really is in the details,” she said. “The language in the proposal includes eliminations for exemptions, deductions and credits on the individual side - and it also instructs lawmakers to look at the corporate side and modernize tax rules to better reflect the economic reality and provide little opportunity for tax avoidance for businesses.”


Listen to NCBA tax expert Danielle Beck outline her concerns regarding the proposed Republican tax package, with Radio Oklahoma Ag Network Farm Director Ron Hays, 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 NCBA tax expert Danielle Beck outline her concerns regarding the proposed tax reform plan
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Bias Alert: FDA Asserts Unfounded Jurisdiction Over 'Fake Meat' in Kangaroo Court Hearing  Fri, 13 Jul 2018 10:31:08 CDT
  • It's Not Renegotiating Trade Terms That's Scary - It's Duking It Out with So Many Countries at Once  Thu, 12 Jul 2018 10:03:50 CDT
  • Cattle Inventory Projections Suggest Cow/Calf Producers Can Expect a Fairly Positive Year in 2018  Wed, 11 Jul 2018 10:11:40 CDT
  • As Selection Tools Become More Sophisticated, Ranchers are Growing More Confident in Decisions  Tue, 10 Jul 2018 09:43:34 CDT
  • Generational Transfer Happens Whether We're Prepared for it or Not- So Why Not Plan Ahead Now?  Mon, 09 Jul 2018 10:19:59 CDT
  • NCBA Regrets Scott Pruitt's Decision to Resign as EPA Chief, Defends Work as Regulatory Reformer  Fri, 06 Jul 2018 09:57:07 CDT
  • Canada Hits US Beef Industry Hard with New Tariffs in Retaliation Against Trump's Trade Policies  Thu, 05 Jul 2018 11:50:07 CDT
  • Noble Research Institute Project Yields Cutting-Edge Insight into Better Forage-Based Cattle Systems  Tue, 03 Jul 2018 10:09:52 CDT
  • As Lawmakers Get Closer to Producing a Final 2018 Farm Bill, Lots of Work Left to Do in Conference  Mon, 02 Jul 2018 11:18:28 CDT
  • Ag Industry Triumphs Over Activist Groups with Defeat of Lee-Booker Amendment in the Senate  Fri, 29 Jun 2018 10:05:44 CDT
  • HSUS Plays Political Puppet-Master in Latest Attempt to Hinder and Besmirch NCBA and Ag Industry  Thu, 28 Jun 2018 12:49:58 CDT
  • Jim Robb Sees Profitability Returning to Cow-Calf Sector as Industry Enters into Transitional Period  Wed, 27 Jun 2018 10:17:05 CDT
  • NCBA's Kent Bacus Condemns the Folly of Trade Wars- Says American Consumers will Ultimately Pay  Tue, 26 Jun 2018 09:59:22 CDT
  • A Year Later, NAFTA Talks Still Up in the Air - NCBA's Kent Bacus Shares the Latest Developments  Mon, 25 Jun 2018 10:21:51 CDT
  • A Year Later, NAFTA Talks Still Up in the Air - NCBA's Kent Bacus Shares the Latest Developments  Mon, 25 Jun 2018 10:14:43 CDT
  • OSU's Derrell Peel Returns from Month-Long Expedition in China with New Insight into Its Ag Industry  Fri, 22 Jun 2018 10:23:46 CDT
  • OSU's Derrell Peel Says Cattle Markets in the First Half of 2018 Have Been "So Far, So Good..."  Thu, 21 Jun 2018 17:03:45 CDT
  • Beef Industry Feeling a Little Left Out as Senate Pushes Farm Bill Through Without Showing Its Hand  Wed, 20 Jun 2018 10:19:24 CDT
  • Despite the Noise on Trade Wars and Tariffs, US Beef Exports are Holding Their Own Says Jim Robb  Tue, 19 Jun 2018 10:46:25 CDT
  • Although Less Aggressive Compared to Last, 2018 Shaping Up Another Impressive Marketing Year  Mon, 18 Jun 2018 10:29:31 CDT
  • Beef Exports Continue to Impress with Another Record Setting Month, Despite All the Political Noise  Fri, 15 Jun 2018 11:59:33 CDT
  • NCBA Gives Senate Farm Bill a Thumbs Up Hopeful for Speedy Process of Approval Moving Forward  Thu, 14 Jun 2018 11:54:39 CDT
  • Dr. Glynn Tonsor of Kansas State Says the Rising Tide of Red Ink in Feedlots is Becoming Significant  Wed, 13 Jun 2018 10:11:53 CDT
  • Despite Consumers Growing Concern with Production Practices - Taste, Price, Convenience Still King  Tue, 12 Jun 2018 10:08:39 CDT
  • Putting the Smack-Down on Flies - Gregg Hanzlicek on Industry's Billion Dollar Problem of Fly Control  Mon, 11 Jun 2018 10:07:00 CDT
  • LMIC's Jim Robb Says Current Rate of Cow Slaughter Could Translate into More Optimism for Future  Fri, 08 Jun 2018 10:56:03 CDT
  • Strong Demand Still Driving US Beef Market, Though Mexico's Tariff Retaliations Could Put a Pin in It  Thu, 07 Jun 2018 12:07:56 CDT
  • Strong Demand Still Driving US Beef Market, Though Mexico's Tariff Retaliations Could Put a Pin in It  Thu, 07 Jun 2018 12:00:22 CDT
  • US Roundtable for Sustainable Beef's Metric System Put to the Test - Noble's Chad Ellis Explains  Wed, 06 Jun 2018 11:53:58 CDT
  • As Selection Tools Become More Sophisticated, Ranchers are Growing More Confident in Decisions  Tue, 05 Jun 2018 09:30:44 CDT
  • The Brains Behind Renowned RA Brown Ranch, Donnell Brown, Shares His Three Tips for Success  Mon, 04 Jun 2018 09:52:36 CDT
  • USRSB Chairwoman Says Consumer Worry Gives Industry Chance to Better Connect with Consumers  Fri, 01 Jun 2018 09:25:22 CDT
  • US Roundtable for Sustainable Beef Releases First-Ever National Framework for Beef Sustainability  Thu, 31 May 2018 14:17:11 CDT
  • As Summer Doldrums Loom, Producers Encouraged to Stay the Course for Fourth Quarter Rebound  Wed, 30 May 2018 10:24:27 CDT
  • No Big Surprises in Latest USDA Cattle on Feed Report, LMIC's Jim Robb Offers His Positive Analysis  Tue, 29 May 2018 10:00:41 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   Jan 18  |   Feb 18  |   Mar 18  |   Apr 18  |   May 18  |   Jun 18  |   Jul 18  |   Aug 18  |   Sep 18  |   Oct 18  |   Nov 18  |   Dec 18
       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.