Big Beautiful Bill should result in ‘nice, new tractors’ for farmers, Trump says

Added: 2026-06-07

[00:00:00]So we passed the largest tax cuts in American history with a great big beautiful bill. We made the small business tax deduction permanent benefiting 98% of the farmers and ranchers. We gave you 100% expensing and bonus depreciation. So when you buy a new tractor or anything else you buy you're allowed to deduct it. You didn't you buy any new tractors? Got a lot of nice tractors but got a lot of tractors back there by the way. But so you could deduct it then the full cost of the tractors one year, any equipment one year, all you can deduct it all in the first year instead of over a period of many many years and we also saved the $2 million. Thank you very much. That's a big deal actually. We also saved the $2 million American farms from Think of that from extinction by ending what we did is we got rid of the estate tax or the death tax. So if you love your child >> [applause] >> If you love your child, if you don't love your child then don't worry about it. It doesn't make any Does anybody not love your child in the audience? No, but if you have a farm like this someday it's going to come the time, right? And I met your boys and he loves his boys. I know that because he started clapping for that last statement about no death tax and he was clapping. He didn't clap for anything else. That's the only That means you love your boys. So boys, I just found out your father loves you.

[00:01:28]But think of it. We would And I was saying this in my first term. We we did it in my first term. We did it now. We extended it out. So you have no estate tax or no we call it the death tax on a farm or a small business. Now I saw it myself. You have a way of life that sometimes you're land rich and cash poor. Sometimes you're Lots of different conditions but people that are on farms love being on farms. You wouldn't trade my life. You wouldn't want my life.

[00:01:56]Believe me, You don't want it. Your life is much better than my life. I will tell you your ear wasn't little pierced over here. You didn't get pierced. You have a nice, safe, beautiful life. But I've seen it with farmers maybe more than any industry. People want to have their farm. It's a way of life. And they love they love the the life on the farm. And the family would leave, the father would die, the mother would die, leave it to the kids. The kids would have a big estate tax problem or death tax problem.

[00:02:25]They'd go to the bank. They'd borrow a lot of money, more money than they should have borrowed, couldn't make a deal. And they'd end up losing the farm in many cases. I have to say they'd do terrible things. They'd commit suicide.

[00:02:38]They'd lose their farm. They'd lose their way of life. They couldn't pay the tax.

[00:02:42]And I got rid of that tax. I ended that tax. So I hope you're happy.

[00:02:46]Right?

[00:02:53]And the Democrats fought me on that, by the way. If they ever got in, I think they'd end that. But if something happens, if you love your child, you want to leave it you have no estate tax, no death tax to pay. And every single Democrat in Congress voted against these critical measures. They voted against the no tax on tips, no tax on social security, no tax on overtime. They all voted against all of this stuff. They voted against a tax reduction. They voted against all of it. And they voted against saving your family farms from the death tax. So just remember that when you're going to the polls because they'll change it back immediately.

[00:03:27]There's something wrong with these people.