USDA Reports Highlights Benefits of Tax Cuts and Jobs Act for Farmers

(Washington, D.C., June 28, 2018) – U.S. Secretary of Agriculture Sonny Perdue today highlighted a new report showing the positive impacts of President Trump’s Tax Cuts and Jobs Act (TCJA) on American farms. Six months after the President signed the tax cuts and reforms into law, the U.S. Department of Agriculture (USDA) Economic Research Service (ERS) has released a report, titled “Estimated Effects of the Tax Cuts and Jobs Act on Farms and Farm Households.” The report examines in detail how the historic tax cuts and reforms will alleviate the tax burden on American farms to help them grow an...