Big Wins Could Be in Store for Cattlemen as Trump Administration Begins Outlining PrioritiesMon, 14 Nov 2016 12:59:31 CST
Lots of change is about to happen in our nation’s capital as the transition of power takes place between the Obama and Trump administrations. Farm Director Ron Hays spoke with Colin Woodall, lead lobbyist for the National Cattlemen’s Beef Association, about what he is hearing in D.C. regarding which issues top President-Elect Trump’s list of priorities. He says that while Trump’s transition team has hit the ground running, it will realistically take about six months to get the new administration organized and fully-functioning. Woodall says too though, that Trump shares several of the same concerns as cattlemen.
“I think the biggest focus is going to be on striking down a lot of the executive orders and regulations that the Obama administration put in place,” Woodall said. “He has made it very clear that eliminating the Death Tax is one of his top priorities. When it comes to his overall legislative strategy, no doubt that repealing and replacing Obamacare is going to be high on his list.”
Woodall notes that with Republicans having maintained control of both the House and Senate, like minded groups seeking a total overhaul of tax policy and several other concerning matters, have the best chance to achieve that now than they have had in a decade or more.
“We don’t believe that trade is definitely going to be something he’s going to spend much time on,” Woodall said, “but if he can pick up comprehensive tax reform, that’s definitely a bonus for us.”
Additionally, legal issues regarding the valuation of land and capital gains taxes are also matters Woodall says he and his team believe they have a good chance to find support with. Beyond that though, he says it is still too early to tell what direction Trump will take.
Listen to NCBA’s Colin Woodall and Farm Director Ron Hays discuss what priorities Trump is expected to pursue upon assuming office, on today’s Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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