LINCOLN, NEB. – “Today’s release of Congress’ first real attempt to reform our nation’s tax-code in over 30 years, represents a great first step in this long process. For the past several years, Nebraska Farm Bureau members have been working with members of Congress on a package that lowers taxes for Nebraska’s farm and ranch families.”
“The proposal, which includes important reforms to income taxes and farm succession taxes, also maintains the business interest deduction, which is extremely important to farmers and ranchers. We will continue to examine the full package and will remain engaged throughout this process moving forward. We must take advantage of this once in a generation opportunity to provide lower taxes that also recognizes the unique financial challenges facing Nebraska’s farmers and ranchers.”
The Nebraska Farm Bureau is a grassroots, state-wide organization dedicated to supporting farm and ranch families and working for the benefit of all Nebraskans through a wide variety of educational, service and advocacy efforts. More than 61,000 families across Nebraska are Farm Bureau members, working together to achieve rural and urban prosperity as agriculture is a key fuel to Nebraska’s economy. For more information about Nebraska Farm Bureau and agriculture, visit www.nefb.org.