It's also the biggest regulation reduction in the history of our country, which, as farmers, you know what that means. It means a lot of good things. We made the small business tax deduction permanent benefiting 98% of America's farmers and ranchers. And thanks to bonus depreciation, farmers can now deduct 100% of the cost of new tractors and all equipment in the first year. In other words, you buy a tractor, you deduct the whole price. (06:54–07:02)
CLAIM
Asserts that the small business tax deduction was made permanent, benefiting 98% of farmers and ranchers.
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