President Trump is making a push for sweeping tax cuts to help alleviate inflation

Securing major tax cuts is one of President Trump’s big agenda items this year.

During this week’s address to Congress, he said the 2017 tax cuts need to become permanent.

“It’s a very, very big part of our plan. We had tremendous success in our first term within a very big part of our plan. We’re seeking permanent income tax cuts all across the board and to get urgently needed relief to Americans hit especially hard by inflation. I’m calling for no tax on tips, no tax on overtime, and no tax on Social Security benefits for our great seniors.”

Related Stories
Canadian tariffs would raise costs for potash, ammonia, and UAN, increasing spring fertilizer risk.
Julie Callahan was nominated earlier this summer by President Donald Trump, and U.S. Trade Representative Jamieson Greer told lawmakers she is ready to hit the ground running.
A permanent national E15 standard would boost corn demand, lower fuel costs, and provide a stable path for U.S. energy security.
Ag Secretary Brooke Rollins signed six MAHA waivers for SNAP in Hawaii, Missouri, North Dakota, South Carolina, Virginia and Tennessee.
American Soybean Association President Caleb Ragland shares the soybean sector outlook following the announcement of farm aid to offset losses for U.S. row crop growers.

LATEST STORIES BY THIS AUTHOR:

The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
Brent Graves of StockShowAuctions.com takes us to Grayson County to see the damage from a historic winter ice storm and what it will take to rebuild.
UT Extension also offers tips to help consumers stretch their grocery budgets, including meal planning, sticking to a shopping list, and choosing store or generic brands.
Sen. Amy Klobuchar has four years remaining in her Senate term and could decide to continue serving in that role while campaigning for Governor of Minnesota.
STRAUSS CEO Henning Strauss joined us with a preview of “Meet Strauss: The Tool You Wear,” premiering live tonight at 7:30 ET — only on RFD Network and RFD+