In addition to marginal rate tax relief, other tax changes can help Main Street. I have introduced a tax package designed specifically to empower those working hard to make ends meet in rural America. These rainy day accounts would create a cushion for farmers, whose incomes can fluctuate greatly from year to year, to use these accounts as a risk management tool. What's more, an Iowa banker testified that these accounts would enhance the squeezed lending pool available to issue loans to homeowners, small businesses and farmers in local communities across Iowa. As a leading advocate for rural America in the United States Senate, I will continue to advance public policy that benefits Main Street and American agriculture.
Most new jobs come from small business.
And although some of my colleagues and Washington insiders choose to forget, our nation's safe, affordable and abundant food supply depends on family farmers. It's hard, yet rewarding work that pays off in the end. In Washington, I'm busy walking through the onerous tax code and working to steer a relief package through the legislative fields in Congress. Uprooting high taxes on farmers and small business owners should brighten the economic future for Main Street by clearing the way for growth and productivity. This page was created and is maintained by the Office of Senator Chuck Grassley.