Cattle Producers Want Long-Term Tax Relief
They say in life only two things are certain death and taxes.Even though we can't do much about death, the Montana Stockgrowers Association's First Vice President, Lesley Robinson says that MSGA is working hard every day on important tax policy to help keep our farmers and ranchers in business.
"Death and taxes do go together because the estate tax can have a huge impact on ranches and other businesses, also, not just ranching," said Robinson. "The Montana Stockgrowers Association, along with the NCBA and other organizations, are working very hard to, work to try to, reinstate the tax cuts that will sunset in 2025. There's a lot of parts to the tax bill that will sunset and would could have a large impact. So we are we are on it trying to work with other organizations also to unify our voice and, and try to make sure that we take care of that."
NCBA President and Wyoming rancher Mark Eisele agrees and says it's not an issue about paying taxes.
"We don't mind paying some taxes," said Eisele. "We don't mind paying our fair share, something it's manageable and adjustable to what we do for a living, and how our actual cash flow comes in. All the things that really matter your herd, your genetics, your cropland, all the things that that you value and worry about. Those will be null and void because the taxes will eliminate it."
Both say whether it's tax regulations or environmental regulations, it's important for the U.S. cattle industry to have good working relationships with these federal agencies.
Source: Western Ag Network and NAFB