November 16, 2017 Comments are off Montana Stockgrowers Association
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Cattlemen: House-Passed Tax Bill “Step in the Right Direction”

Craig Uden, president of the National Cattlemen’s Beef Association and fourth-generation Nebraska cattle producer, today released the following statement in response to U.S. House approval of H.R. 1, the Tax Cuts and Jobs Act:

“House approval of this comprehensive tax-reform legislation is a step in the right direction, but we will continue to work hard to make sure that final legislation doesn’t include provisions that would create undue and unfair burdens for certain segments of our industry.

“Specifically, this bill would immediately double the death-tax exemption and put the tax on the path to extinction in five years. That’s a major victory for family ranchers and cattle producers. The bill also fully preserves the step-up in basis, allows businesses to immediately and fully expense the cost of new investments, increases Section 179 small-business expensing limits, and expands cash accounting. These are all victories for cattle producers.

“Unfortunately, the House-passed bill would also significantly limit the ability of some businesses from deducting their interest expenses. This could be a big problem for some members of the cattle-production business. We’ve worked closely with Members of Congress to address this issue, and we’ll continue to work tirelessly to fix this problematic provision as this legislation moves forward in the Senate and toward a House-Senate conference committee.”

Over the past two months, NCBA has executed a media campaign in support of tax reform provisions that would benefit cattle and beef producers. The campaign is centered atCattlemenForTaxReform.com, and the campaign’s videos have been viewed more than a million times on Facebook.

August 31, 2017 Comments are off Montana Stockgrowers Association
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Secretary Perdue Statement on President Trump’s Tax Reform Agenda

(Washington, DC, August 30, 2017) – U.S. Secretary of Agriculture Sonny Perdue today expressed his strong support for President Trump’s tax reform agenda as a great benefit to the American agriculture community. Perdue issued the following statement:

“Just as he has done with excessive and costly regulations, President Trump has focused on the problem of onerous and burdensome taxes. Most agricultural operations are, in fact, small businesses, and the time and costs associated with merely complying with the tax code are impeding American prosperity. Farming is a complex enterprise, as even the smallest operations know, so the attention and financial resources that are diverted to handling taxes are an extra barrier to success.

“People should be able to keep more of what they have earned through the sweat of their brows, which will also invigorate the entire United States economy. The Death Tax is one section of the code that is particularly offensive to agriculture, as too many family farms have had to be broken up or sold off to pay the tax bill. The president’s tax reform package will be of great benefit to agriculture and help improve rural prosperity.”

September 24, 2010 Comments are off Montana Stockgrowers Association
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September 24, 2010 – Friday Video Update with Errol Rice

In this week’s MSGA Friday Video Update, Executive Vice President, Errol Rice, discusses MSGA’s recent trip to Washington, D.C. to discuss the federal estate tax and the Antiquities Act with members of Congress. Rice also discusses BLM Director Robert Abbey’s visit to Malta to discuss the possibility of a National Monument designation in the area, MSGA hosting a group of foreign ambassadors to encourage increased beef trade with countries like China and Japan, and the National Public Lands Council meeting in Pendleton, Oregon.