US President Donald Trump is Encouraging Economic Development in Rural Communities

13 January, 2018, 03:33 | Author: Tina Rodriquez
  • U.S. Agriculture Secretary Sonny Perdue chaired a task force of Trump cabinet members looking into how to improve the rural economy

President Donald Trump traveled to Tennessee on Monday to outline in broad strokes his administration's plan to spur economic development in rural America.

The American Farm Bureau Federation has acknowledged that the latest tax reform bill has provided a number of benefits to United States farmers, in comments alongside those of President Donald Trump on the impact of the Tax Cuts and Jobs Act.

Trump spoke Monday in Nashville, Tennessee, at the annual convention of the American Farm Bureau Federation, calling farm country "God's country".

Trump also signed two executive orders on stage in Nashville, related to expanding rural broadband access.

Trump highlighted the tax cuts put through Congress in late 2017, stating: "Small and mid-sized businesses will receive massive tax cuts".

Trump drew the first of his standing ovations when he pointed out that the tax bill doubled the estate tax exemption "so you can keep your farm in your family." Enjoying the applause Trump went on, "Obviously, you love your families; otherwise, you wouldn't be standing for that one. We have cut 22 regulations for every new regulation".

"You will be able to deduct 100 percent of the cost of new equipment in the year you've made the investment", he said.

Trump's opening remarks focused on praising the roles farmers have played in USA history, saying they founded the country and won its independence.

Speaking Monday to the American Farm Bureau Federation's annual convention, Trump painted a picture of a rural America that had been left behind by the rest of the country, burdened by overweening bureaucrats and forgotten by an increasingly high-tech culture. He also said the nation's farmers should expect a timely farm bill passage that includes crop insurance support.

"Oh, are you happy you voted for me", Trump purred later.

President Trump also promised to pass the next Farm Bill before legislation funding support schemes for USA farmers expires on 1 October.

Trump also said he looks to support an on-time farm bill.

Trump has ordered his administration to renegotiate the terms of the North American Free Trade Agreement, something that concerns many in the agriculture industry, which has done better than many other sectors under the trade deal.

"The Republican Party's support for rural communities includes the President's promise to cut burdensome regulations that stifle growth". Trump repeatedly hyped this executive order, which predominately focuses on efforts to speed up cellular tower citing on federal property.

"I guess you like it right? And we can not let anything happen to that", Trump said. "The report makes clear that, at least this administration, that's not what we believe".


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