Monday, President Trump traveled to Nashville, Tennessee, where he was the keynote speaker at the American Farm Bureau annual convention.
“We know that our nation was founded by farmers. Our independence was won by farmers. Our continent was tamed by farmers. So true. Our armies have been fed by farmers and made of farmers. And throughout our history, farmers have always, always, always led the way,” the president said.
Trump talked about the positive effects of the newly passed tax cuts, and how it will affect farmers and family-owned businesses, and discussed steps he is taken to cut Obama-era regulations that were hurting farmers:
“Small- and mid-size businesses will receive massive tax cuts. So a lot of the folks in this room. They’ll be able to deduct 20 percent of their business income. All American businesses, including American farmers, will be able to deduct 100 percent of the cost of new equipment in the year you make the investment. That is something that is tremendous. That is something that I think is going to be the sleeper of the bill. You deduct it all in one year, as opposed to over many years. That’s a tremendous thing.
“And from now on, most family farms and small-business owners will be spared — and you’re going to be spared, and it really is the word punishment of the deeply unfair estate tax, known as the death tax — so you can keep your farms in the family.”
“We’re fighting for our farmers and we’re fighting for our country, and for our great American flag. We are fighting for that flag.”
“My administration is in the process of rolling back a rule that hit our farmers and ranchers very, very hard — the terrible Waters of the United States rule. You know about that. It sounds so nice. It sounds so innocent. And it was a disaster. You know that. It sounded so good. The title is so beautiful. That’s where it stopped.”
“We are removing harmful restrictions on forestry so you can log more timber, plant more trees, and export more renewable resources to other countries. Make money doing it.”
President Trump signed two bills after his speech, as he announced the expansion of broadband internet in rural America, and a commitment to rebuild the nation’s crumbling rural infrastructure.
CLICK HERE to read the complete transcript of his speech, or what the video below:
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