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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 21, 2024
President Joe Biden is expected to release a new round of spending proposals this week, plus the tax increases to pay for them. Farm groups have been raising concerns for weeks about those tax proposals in the expectation they will include either the elimination of stepped-up basis or a new “transfer” tax on inherited assets.
Some 300 corporations, including some industry giants in the agriculture and food industry, are calling on President Joe Biden to commit the U.S. to cutting its greenhouse gas emissions in half by 2030 from 2005 levels.
The Biden administration is starting to build support for its $2.25 trillion infrastructure package during the congressional break. White House officials held an off-the-record briefing for ag and rural groups on the American Jobs Plan Thursday, and President Joe Biden tasked five Cabinet officials with selling the proposal to lawmakers and the public.
President Joe Biden is set to announce his infrastructure plan on Wednesday, and it looks like he will also propose the tax increases he wants to use to pay for it. White House Press Secretary Jen Psaki confirmed on Monday that the cost of the infrastructure package would be offset dollar for dollar.
Cannon Michael has been reelected as chairman of the San Luis and Delta-Mendota Water Authority Board and Keith Murfield has announced his retirement as CEO of the United Dairymen of Arizona.
Democrats look to move President Joe Biden’s $1.9 trillion stimulus package through the Senate while Agriculture Secretary Tom Vilsack makes his case for the new administration’s priorities to farm groups this week for the first time in his return to his old job.
Former House Ag Committee Chairman Collin Peterson is gearing up to join the upcoming congressional debate about climate and farm policy. Peterson tells Agri-Pulse he’s talking to several firms about consulting roles, but he indicated he’s not in a rush to sign up.
