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
China’s crusher losses and Brazil tensions, Gale warns, could reopen critical soybean trade channels for U.S. producers.
The WASDE/Crop Production combo will be the first full read on supply, demand, and yield that could move basis and hedging plans since the government shutdown more than a month ago.
U.S. Rep. Dusty Johnson (R-SD) shares his outlook on the developing U.S.-China Trade agreement, and the ongoing impact of the federal government shutdown—now stretching past four weeks—on rural communities and producers.
Caleb Ragland, president of the American Soybean Association (ASA), shares his reaction to news of soybean sales to China, which is considered both “welcome news” and a return to near-normal trade relations.
Rabobank’s outlook signals a tightening margin environment, emphasizing the need for cost control, trade stability, and clearer policy signals heading into 2026.

LATEST STORIES BY THIS AUTHOR:

The American Farm Bureau Federation’s 2026 agenda centers on labor stability, biosecurity, and economic resilience for family farms. Expanded DMC coverage improves risk protection for dairy operations facing tighter margins.
Alex Templeton works alongside her dad, sharing her life through social media and her blog Ag Talk with Alex.
Secretary Rollins also met with specialty crop producers at a local strawberry farm to discuss workforce needs and the Trump Administration’s recent wins related to significantly cutting the cost of H-2A labor for California farmers.
Brent Graves, auctioneer and mentor, shares his journey supporting youth in agriculture, livestock competitions, and how he is turning junior livestock auctions into a classroom for youth in agriculture.