Presidential campaigns talk ag during final stretch
The Trump and Biden campaigns are winding the final turn, and a current and former U.S. Senator both say agriculture hangs in the balance.
Former North Dakota Senator Heidi Heitkamp says if elected, Vice-President Biden would work to revitalize Rural America and the ag economy. She says Biden’s tax plan, which has been a concern for some farmers, would help them, not hurt them.
“What Joe Biden is trying to do as he looks at estate changes is to not affect the family farmer, but take a look at trust fund kids who inherit wealth from their parents and pay a lower tax rate.”
When it comes to renewable fuels, she says Biden will choose farmers over the oil refiners and their shareholders.
“The Trump Administration has chosen the oil industry every time.”
She tells Brownfield a Biden Administration would also make sure all forms of renewable energy, including wind and solar, are crucial to their agriculture and energy policies.
“But also the role that biofuels (like) biodiesel, that next generation of ethanol, can play in delivering renewable fuels
Heitkamp_Renewables2 (:12) …renewable fuels.
Iowa Senator Chuck Grassley says under a Biden Administration the 2017 tax bill would be repealed, bringing the estate tax exemption back to $5.5 million.
“And there will be a number of farms, if they don’t have the money to pay the estate tax, they’ll have to sell part of the farm.”
And despite Vice President Biden saying he does not support the Green New Deal, Grassley isn’t buying it.
“I just assume since he’s tied to (Bernie) Sanders and AOC (Alexandria Ocasio-Cortez), people like that, that he’s going to be under extreme pressure to go with the Green New Deal.”
Heidi Heitkamp interview:
Chuck Grassley interview: