LINCOLN, NEB. – U.S. Rep. Adrian Smith has been endorsed by the Nebraska Farm Bureau Political Action Committee (NEFB-PAC). Smith, who is seeking re-election to the U.S. House of Representatives in Nebraska’s 3rd District, received the endorsement due to his leadership in addressing various policy matters that hold significant importance for farmers and ranchers in Nebraska, according to Nebraska Farm Bureau (NEFB) President Mark McHargue.
“Rep. Smith has given Nebraska’s farm and ranch families an influential voice in tax, trade, and health care issues, all important to our members, as a significant leader on the House Ways and Means Committee, especially now as Chairman of the Trade subcommittee. We are happy to him provide our backing as he seeks re-election,” said McHargue.
In that capacity, Smith played an instrumental role in pushing the Biden administration into action to help ensure Nebraska corn farmers were not harmed by an illegal ban on the importation of genetically modified corn into Mexico. Rep. Smith not only understands the importance of trade but has taken an active role in advancing trade agreements which have benefited farmers, ranchers, and businesses across the nation.
Smith also helped develop and deliver the first major revisions to the federal tax code in more than 30 years, including a reduction in individual income tax rates, doubled estate tax exemption as well as expanded bonus depreciation and business expensing. As a part of that effort, he also helped ensure Nebraska farmers and ranchers would be able to continue to fully deduct their property taxes on their federal tax return. Lastly, Smith has helped lead the charge against attempts to eliminate stepped-up basis, helping to ensure the next generation can inherit a farm or ranch without a significant federal tax bill.
“Nebraska’s farm and ranch families are very well served by Rep. Smith given his expertise and leadership on trade and tax policy. It is for all these reasons and more that we are proud to again endorse Rep. Adrian Smith,” said McHargue.
Rep. Smith earned the NEFB-PAC endorsement based on results of NEFB’s grassroots selection process, which involves gathering input from local County Farm Bureaus across the state.
