Political Quotes

“Mr. President, I rise to highlight the positive impacts our historic tax reform law will have on the agricultural community. Agriculture is Arkansas' largest industry by far, adding $16 billion to our economy every year and accounting for approximately one in every six jobs. We are the top rice-producing State in the Nation, No. 2 in the Nation in broiler chicken production, and the third largest producer of catfish in the United States. We could also clothe and shelter ourselves from fiber grown in Arkansas, as we are the third in the Nation in cotton production and the fifth largest softwood lumber- producing State. You could keep going down the list, and you would find Arkansas as one of the Nation's top 10 producers of a number of agricultural commodities. Clearly, ensuring that Washington helps create an economic environment that allows the agricultural industry to thrive is extremely important to my home State of Arkansas. When President Trump signed the Tax Cuts and Jobs Act into law, his signature provided much needed tax relief to America's farmers. More than 94 percent of farms are organized as passthrough businesses, which means they are impacted by the same tax provisions as individual filers. Lower tax rates across the board and a 20-percent deduction from their taxable income means immediate savings, which can be reinvested to help grow their operations.…”