Political Quotes

“I would like to speak about a tax issue. It was nearly 3 weeks ago that the President signed into law the Tax Cuts and Jobs Act. It is the most sweeping reform of our Tax Code in more than three decades. This tax reform provides both tax simplification and tax cuts for the vast majority of taxpayers. Importantly, the tax reform bill made good on its commitment to provide real relief to small business owners, and that also includes family farmers and ranchers. As one of only three Republican Senators on both the Finance Committee and the Agriculture Committee, it was a priority of mine to represent agriculture and the family farm institution throughout the tax reform debate. Fair treatment for farmers under tax reform was especially important to me, given the large role agriculture plays in the economy of the State of Iowa. Ag accounts for one out of every five jobs in the State and makes up 33 percent of Iowa's economy. The tax reform bill provided a once-in-a-generation opportunity to make real and long-lasting reforms for farmers, ranchers, and every American working in our agricultural industry. Broadly speaking, across the board, rate reductions will let Americans keep more of their own money. This will afford farmers the opportunity to reinvest in their operations instead of sending that financial capital to politicians in Washington. Tax reform legislation expands section 179 of the Tax Code, which helps farmers finance overhead costs.…”