Trump takes victory lap on taxes with rural Americans
Nashville – Connecting with rural Americans, President Donald Trump on Monday hailed his tax overhaul as a victory for family farmers and pitched his vision to expand access to broadband internet, a cornerstone of economic development in the nation’s heartland.
“Those towers are going to go up and you’re going to have great, great broadband,” Trump told the annual convention of the American Farm Bureau Federation.
“Farm country is God’s country,” he declared.
Trump became the first president in a quarter-century to address the federation’s convention, using the trip to Nashville as a backdrop for a White House report that included proposals to stimulate a segment of the national economy that has lagged behind others. His Southern swing also included a stop in Atlanta for the national college football championship game.
Joined by Agriculture Secretary Sonny Perdue, Senate Agriculture Committee Chairman Pat Roberts, R-Kan., and a group of Tennessee lawmakers, Trump said most of the benefits of the tax legislation are “going to working families, small businesses, and who — the family farmer.”
The package Trump signed into law last month provides generous tax cuts for corporations and the wealthiest Americans, and more modest reductions for middle- and low-income individuals and families.
The president vastly inflated the value of the package in his speech, citing “a total of $5.5 trillion in tax cuts, with most of those benefits going to working families, small businesses and who? The family farmer.” The estimated value of the tax cuts is actually $1.5 trillion for families and businesses because of cuts in deductions and the use of other steps to generate offsetting tax revenue.
Trump also highlighted the doubling of the threshold for the estate tax — earning a standing ovation from the audience— and the ability for companies to immediately write off the full cost of new equipment. He said that “in every decision we make, we are honoring America’s proud farming legacy.”
Central to the report is the assessment that the “provider for an equalization among rural America is connectivity; that high-speed internet should remain a high priority for the administration,” said Ray Starling, the special assistant to the president for agriculture, trade and food assistance. The report calls for expediting federal permitting to allow for broadband internet expansion in rural areas and for making it easier for providers to place cell towers on federal lands.
Trump signed an executive order following his speech on rural broadband, aimed at easing the process to put private broadband infrastructure on federal property.
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