President Donald Trump will host farmers, ranchers, cattlemen, and agricultural producers from across the country for dinner at the White House on Thursday. The event aims to highlight Trump’s America First trade agenda, which has created new opportunities for farmers in the U.S. through expanded market access and reduced trade barriers.
Trade and Tax Wins
The White House says Trump’s trade policies have expanded access to more than 2 billion consumers worldwide, with countries including Japan, the United Kingdom, India, Taiwan, Vietnam, and several others reducing or eliminating tariffs on U.S. agricultural exports. Administration officials also point to $12 billion in bridge payments for farmers during trade negotiations, which helped agricultural producers weather the transition as new trade agreements were pursued.
In addition to trade, the administration has emphasized tax policies designed to benefit rural communities and family-owned farms. The president’s Working Families Tax Cuts package allows producers to fully expense farm equipment and structures, expands deductions tied to rural economic activity, and increases the federal estate and gift tax exemption to $15 million.
Original reporting: Fox News (HLL/CB) — read the source article.
