Cramer Sends Letter to Cohn, Brady, Hatch Stressing Tax Reform Priorities For Farmers
WASHINGTON D.C. – Congressman Kevin Cramer sent a letter today to several key decision makers for tax reform to stress priorities for farmers across North Dakota.
The letter, which was sent to Chief Economic Advisor and Director of the National Economic Council Gary Cohn, Chairman of the House Ways and Means Committee Kevin Brady, and Chairman of the Senate Finance Committee Orrin Hatch requests they take into account the unique characteristics of family farms across North Dakota when considering tax reform.
Specifically, Cramer points to maintaining interest deductibility, the stepped-up cost basis, and elimination of the estate tax as the three core tax priorities for North Dakota farmers.
“Since a vast majority of farmers and ranchers rely on debt to finance their operations, eliminating the interest deduction would raise the cost of doing business for farmers and ranchers and make it more difficult for them to acquire the land and equipment needed to feed our hungry world,” Cramer says in the letter.
As the lone-Representative for the state of North Dakota and a close ally of President Trump and the Trump Administration, Cramer continues to advocate for tax reform in order to grow our economy and allow North Dakotans to keep more of their hard-earned money.
View the full letter here