NFU: Senate passes tax cuts for wealthy
WASHINGTON – The U.S. Senate voted 51-49 to approve its version of the Tax Cuts and Jobs Act, on Dec. 2.
National Farmers Union (NFU) staunchly opposed the legislation because it would increase the federal deficit by $1.5 trillion, jeopardize funding for farm safety net programming, and shift the nation’s tax burden from wealthy corporations and individuals to the rest of us, and to our children and grandchildren. In response to the vote, NFU President Roger Johnson released the following statement:
“Today, the U.S. Senate voted to cut taxes for the wealthiest individuals and corporations in our country, and pay for those cuts by adding $1.5 trillion to the deficit and shifting the tax burden onto the rest of us, and to our children and grandchildren. This legislation and its counterpart on the House side are inherently flawed, and Congress should reject any combination of the two.”