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.”

LATEST STORIES BY THIS AUTHOR:

2,400 turkeys were donated to Tracy Lawrence’s Turkey Fry after a refrigerated truck broke down, spoiling 650 turkeys
Former Market Day Report anchor Janet Adkison was inducted into the National Association of Farm Broadcasting Hall of Fame, recognizing over 20 years of service sharing stories that impact Rural America.
Jake Charleston, with Specialty Risk Insurance, joins us now for an industry update and advice for cattle producers as they consider options for managing the risks of a murky market.
The National Milk Producers Federation will launch a new advocacy campaign to secure a final vote, urging House lawmakers to approve the bill as soon as they return from the Thanksgiving recess.
AFBF Vice President of Public Policy and Economic Analysis, Dr. John Newton, explains the factors contributing to the growing financial strain in the ag sector and the urgent need for swift economic support.