Chairman Conaway responds to President Obama’s FY2016 budget proposal
Today, House Agriculture Committee Chairman Mike Conaway issued the following statement regarding President Obama’s Fiscal Year 2016 budget proposal.
“Like a broken record, the President’s latest budget proposal calling for higher taxes and more spending doesn’t sound any better to hard-working Americans than it did the first time around. Simply put – this budget will hurt the economy and cost American jobs.
“Rural America is no exception. Under the President’s proposed tax increases, including the elimination of stepped-up basis, the next generation of young producers would find it harder to take over the family farm or ranch. At the same time, the President’s ill-timed proposal on crop insurance would jeopardize the ability of producers to insure their crops in a climate of collapsing crop prices, major crop losses, and falling farm income. These tired proposals for higher taxes and more spending, along with EPA’s long list of choke-hold regulations, reflect the agenda of a President who is out of touch with the everyday concerns and lives of working families in rural America.”