Congresswoman Julia Letlow has filed legislation to support American agricultural producers impacted by disruptions to the global trade market.
The bill would create a dedicated fund, administered by the Secretary of Agriculture, to provide a timely and targeted safety net for American farmers and producers.
The Tariff Responses and Damages to Exports fund would equip the Trump Administration to respond swiftly to traderelated agricultural losses, allowing the President to deposit revenue from tariffs on foreign agricultural products directly into an account used to offset related losses suffered by American producers.
“As President Trump works to fix unfair trade practices, I’m moving to make sure our farmers receive the support they need,” said Congresswoman Julia Letlow. “This bill would dedicate money collected from tariffs on foreign ag products to American farmers. Our farmers are the lifeblood of Louisiana and our nation, and I’ll have their back every step of the way as President Trump works to create a level playing field with our trading partners.” The fund could compensate agricultural producers affected by market changes as measured by a decrease in exports, increasing input costs, and tariffs and other trade barriers imposed by foreign countries.
Letlow also released the following statement on congressional passage of President Trump’s One Big Beautiful Bill.
“With passage of President Trump’s pro-family agenda, we have provided tax relief for the middle class and saved every American from a tax increase,” Letlow said. “Our working families and seniors will see new relief through a bigger child tax credit, eliminating taxes on tips, and a tax cut for retirees on Social Security. Our farmers will have muchneeded certainty with the reauthorization of key Farm Bill policies, updated reference prices for commodities, and lower taxes. Now that we have extended the Trump Tax Cuts and supported Louisiana’s families and our economy, I will continue to advocate for my district as the Big Beautiful Bill is implemented.”
Letlow said highlights of the bill include:
• Permanently extending the 2017 Trump Tax Cuts, protecting American families from an average $1,700 tax hike.
• No taxes on tips up to $25,000 annually.
• No taxes on overtime pay up to $12,500 annually.
• Permanently extending the doubled standard deduction for middle class families and provides an additional $1,500 deduction.
• Permanently extending the doubled child tax credit and provides an additional $400 for a family of four.
• Providing tax relief for retirees on Social Security through an added $6,000 tax deduction for low and middle-income seniors.
• Strengthening tax incentives for paid leave and child care under the Child and Dependent Care Tax Credit and Flexible Spending Arrangements.
Permanently extends the 20% small business deduction for family-owned farms and other small businesses.
• Updating reference prices for farm commodities.
• Providing new enforcement resources to support the Trump Administration’s border security efforts.
