Post from Truth Social

One big, beautiful bill will also be an incredible victory for American farmers, another group that we did great with, especially family farmers like James Cullifer of Virginia Beach. Our bill will provide 100 percent expensing so they can buy a new farm, new farm equipment. And by the way, the expensing is good for everybody, not just farmers. And it'll virtually eliminate the so-called estate tax or the death tax. So you have a farm, you leave it to your children. If you like the children, you leave it. If you don't, don't worry about the details. No, some people don't want to leave them. They don't like their kids, you know? Anybody in here not liking their children, farmers? But if you like your kids, you want to leave it. And a lot of times what was happening before I got there, because I put this in the first tax bill, as you know, but people would die. They'd leave their farm. There was no cash, but there was value to the farm, sometimes good value. It's called real estate, rich and cash poor. And the kids had no money, and they'd be foreclosed out by a bank, they'd borrow money to pay the estate tax. You don't have to pay estate tax anymore. That's pretty big stuff. So for the farmers and for others in small business, it's great. But James' family has been working in the land for generations, and with this bill, we will ensure that family farms like his can stay and the family for many generations to come. Where's James? And you know what I mean, James? People pass away, they love their kids or whoever they're leaving, but they love their kids especially. And you won't have the family farmer anymore the long time because they were losing them to the banks and they were losing them at record numbers, it's not going to happen anymore. There's no tax.

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