Farmers Union President Roger Johnson Claims Farm Bill Negotiations will Suffer Due to Tax ReformsWed, 10 Jan 2018 16:16:44 CST
In a previous story published earlier this week on Oklahoma Farm Report, Radio Oklahoma Ag Network Farm Director Ron Hays shared comments by National Farmers Union President Roger Johnson made during the American Farm Bureau Federation National Convention held this week in Nashville, that reflect the serious nature of the opioid addiction epidemic spreading across rural America. Johnson also took time to speak with Hays about his view on the recent tax reform legislation and the impact he believes it will have when it comes to completing the Farm Bill on time. You can listen to their complete conversation by clicking or tapping the LISTEN BAR below at the bottom of the page.
In his view, Johnson says he believes the President’s tax package that was just signed into law, will affect farmers in two ways.
“First of all, I think most farmers are going to be a little better off - personally on their farms. They’re going to pay a little fewer in taxes then what they were before. So, that’s the positive impact,” Johnson said. “On the other side of the ledger, though, and the reason that we were opposed is because this tax bill began with the premise that it was going to add $1.5 trillion to the debt and to the deficit. As sure as I am standing here, I can hear the arguments made with fists pounding the table saying, ‘By God we can’t spend more money on a Farm Bill because look at the deficit.’”
Johnson was quick to note such arguments have been made for a long-time but says policymakers, “conveniently forgot them when they passed this tax bill… but they will reemerge.” Citing PAYGO - a budget rule requiring that tax cuts as well as increases in entitlement and other mandatory spending must be covered by tax increases or cuts in mandatory spending - as a probable source of contention, Johnson says there is a high probability that completing the Farm Bill on time will be hindered.
You can listen to Johnson and Hays speak more about his views regarding tax reform, the Farm Bill and also his thoughts on modernizing NAFTA, by clicking or tapping the LISTEN BAR below.
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