This past week Plains Cotton Growers, Inc. (PCG), along with several other Texas agriculture groups, signed onto a letter expressing opposition to the use of tax policy provisions as cost offsets for the transportation and infrastructure package currently being negotiated in Congress. To view the letter, visit https://bit.ly/ 3wJ83oo.
It is stated in the letter that while the groups recognize the importance of improving our nation’s infrastructure, the cost should not come at the expense of our state’s agriculture producers. To ensure that Texas farmers and ranchers continue to be economic drivers in our rural communities, it is vital to maintain tax provisions which safeguard the viability of family-owned agricultural businesses today and for future generations, according to PCG CEO Kody Bessent.
As the negotiation process of the transportation and infrastructure package moves through Congress, PCG will actively monitor and oppose proposals that will raise taxes on agricultural.