One thing that has cattle producers excited about a new president and both the House and Senate under Republican control, National Cattlemen’s Beef Association’s Vice President of Governmental Affairs Colin Woodall tells Radio Oklahoma Ag Network Farm Director Ron Hays, is the potential to finally see some cooperation in progressing a comprehensive tax reform plan.
“This was an area we didn’t really expect to have an opportunity to work on in 2017,” Woodall said. “Our understanding is both the House and Senate want to make this a top priority, so we very well could start seeing some action on this here in early spring of 2017.”
Woodall points out that while some changes to the widely disliked and detrimental Death Tax have been made, he contends that the agricultural community including NCBA, will not rest until there is a complete and total repeal of this tax. In addition, he says focus will be made, too, on revamping the capital gains tax, along with some other unfinished business from this past year, which he hopes will include some serious discussions on trade policy.
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