President Trump’s tax cuts must be upheld for our ag industry.




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John,



President Trump’s Tax Cuts and Jobs Act of 2017 is set to expire, potentially
leading to tax hikes and the loss of key deductions and exemptions across the
board.



This would put family farms and small businesses in Minnesota's Seventh
District at risk, especially with the possible loss of the estate tax exemption
that protects family legacies and the 20% deduction for small business income
that helps them compete.



Read my recent op-ed in AGWEEK, where I argue why these cuts are so important
for our jobs, our farms, and our future generations of farmers and their
families:
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CLICK TO READ
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The defeat of the Harris-Walz ticket was a huge relief for farmers and
business owners across the nation since Harris had threatened to let all of the
tax breaks expire. The election allowed us to avert that devastating tax hike,
but there is still work to do.



Last April, Ways and Means Chair Jason Smith announced ten tax teams to study
key provisions of the 2017 tax cuts. I am part of the Rural America team and
the Supply Chains team and look forward to proposing legislative solutions for
how to best integrate the important tax cuts mentioned in the op-ed into the
America First agenda.



With gratitude,




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Michelle Fischbach




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