WASHINGTON–U.S. Senator John Boozman (R-AR), ranking member of the Senate Committee on Agriculture, Nutrition, and Forestry, continues to call on President Joe Biden and congressional Democrats to abandon their reckless tax and spending spree that leaves hardworking family farmers and ranchers to foot the bill.
“These payfors would be devastating to American agriculture,” Boozman said about the plans that would burden family farmers and ranchers while delivering remarks at the Senate Republican Conference's press event today.
Boozman has been leading the fight against tax code changes proposed by the White House to pay for a wish list of partisan priorities. The ranking member highlighted an analysis by the Agricultural and Food Policy Center at Texas A&M University that shows the president’s proposed inheritance tax changes would impact family farms and ranches. Researchers found that nearly 98 percent of family farms surveyed would be hit with an additional tax liability of more than $720,000.
Boozman has called President Biden’s proposals a “massive burden on farmers and ranchers” and an “unfair hit to family farmers.” He has also joined Republican Senators in a letter urging the administration to withdraw its effort to impose a capital gains tax increase on family-owned businesses, farms and ranches.
Watch Ranking Member Boozman's full remarks at today's press conference