Treasury Department Protects Ag from Corporate Transparency Act
On this episode, NCBA Executive Director of Government Affairs Kent Bacus joins to share an update on the U.S. Treasury Department’s new interim final rule that protects small businesses, including farms and ranches, from excessive mandates under the Corporate Transparency Act. The interim rule is a sigh of relief for cattle producers who are no longer required to file invasive beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury. Bacus explains how the Trump administration and Treasury Secretary Scott Bessent reeled in the Corporate Transparency Act and ensured it was focused on criminals and money launderers instead of law-abiding family farmers and ranchers. He also details NCBA’s engagement on this issue to protect cattle producers from government overreach.
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9:16
Trump Administration Focuses on WOTUS
On this episode, NCBA Chief Counsel Mary-Thomas Hart joins to share an update on the Trump Administration’s new focus on Waters of the U.S. (WOTUS). Hart explains how the Environmental Protect Agency (EPA) is currently accepting feedback on WOTUS with the goal of bringing regulations in line with the Supreme Court’s Sackett v. EPA decision. Hart describes how NCBA has engaged on WOTUS through numerous presidential administrations and explains how cattle producers can engage directly with the EPA to shape a future WOTUS definition.
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9:34
From the Witness Table: NCBA Members Share Insights From Congressional Hearings
On this episode, two NCBA members join to share insights from their testimonies before Congress. Kansas Livestock Association President and cattle producer Troy Sander appeared before the House Agriculture Committee to talk about the cattle industry’s top policy priorities including passing the Farm Bill, reducing taxes, protecting the herd from New World screwworm, and protecting the Beef Checkoff. On the same day, Washington Cattlemen’s Association member and rancher Kent Clark testified before the House Natural Resources Committee on the risk that dangerous predator reintroduction has on cattle producers and rural communities. Sander and Clark share information about their personal backgrounds and their key message to policymakers.
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14:27
NCBA President Testifies Before Congress
On this episode, NCBA President and Nebraska cattleman Buck Wehrbein shares an update on his testimony before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry. Wehrbein explains what it was like to testify before Congress and highlights some of the key issues he focused on including the need for further tax relief, the importance of protecting the Beef Checkoff, and the need to protect the U.S. cattle herd from the New World screwworm.
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8:55
New Tax Bills Introduced in Congress
On this episode, NCBA Associate Director of Government Affairs Kelsea Kemp joins to share an update on four tax bills that have been recently introduced in Congress. Together, the Main Street Tax Certainty Act, the Small Business Growth Act, the Estate Tax Rate Reduction Act, and the ALIGN Act would protect several key tax provisions from the 2017 Tax Cuts and Jobs Act and ensure cattle producers can keep more of their hard-earned money. Kemp shares the details of each bill and explains how they fit into NCBA’s significant push on tax policy this year.
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