Not everyone is happy with the President’s tariff plan. Lawmakers recently debated a bill to limit the President’s powers through executive action.
The bill was called “Protecting Americans from Tax Hikes on Imported Goods Act,” and it would have clarified the President’s powers with executive orders, wording that they cannot be used to levy tariffs.
Senator Ron Wyden from Oregon argued that tariffs will hurt Americans directly in their wallets, saying they raise costs on a number of agricultural goods among other products.
Ultimately, the bill failed to get support and died in the Senate.
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Beal joined us on Friday’s Market Day Report to discuss her election to NASDA’s presidency, challenges facing American agriculture, and her background as a Mainer and dairy farmer.
RFD-TV Farm Legal and Taxation expert Roger McEowen joined us Friday to break down the executive order and what it means for farmers and ranchers.
Farm CPA Paul Neiffer joined us on Friday’s Market Day Report to break down what this extension means for affected ranchers.
Potash has seen the most significant decline, falling 11 percent over the same five-year period.
