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Balanced Reporting. Trusted Insights.
Saturday, April 05, 2025
Kamala Harris accepted the Democratic Party nomination for president of the United States Thursday, telling a raucous crowd at Chicago’s United Center that she wants to rebuild the country’s middle class by creating an “opportunity economy.”
EPA Administrator Michael Regan expects Kamala Harris to build on the Biden administration’s climate policy and environmental justice initiatives, if she's elected to the presidency.
Republicans blocked the Senate on Thursday from taking up a House-passed tax bill that includes improvements to valuable expensing provisions used by farmers, as well as an expansion of the child tax credit.
The top Republican on the Senate Finance Committee, Idaho Sen. Mike Crapo, warned leaders of the nation’s farmer cooperatives Thursday that U.S. inaction on trade agreements is benefiting China and that both former President Donald Trump and Vice President Kamala Harris pose problems for trade policy.
The Republican Party’s 2024 platform, led by former President Donald Trump’s campaign, calls for revoking China’s trade status, reiterates his proposal for across-the-board tariffs on imported products, and recommends making the 2017 tax cuts permanent.
President Joe Biden took on food companies over pricing and forcefully challenged Republicans and Donald Trump over the border, the economy, China and other issues in the last State of the Union address of his term.
Farmers will face increases in both income taxes and estate taxes after 2025, if Congress fails to extend expiring provisions of the 2017 Tax Cuts and Jobs Act, according to an analysis by USDA’s Economic Research Service.
The Senate this week tackles a bipartisan border security compromise that likely faces unsurmountable opposition from House Republicans and former President Donald Trump.
The House overwhelmingly approved a bipartisan tax package Wednesday night that includes improvements to valuable expensing provisions used by farmers, as well as an expansion of the child tax credit.
Two tax breaks that are widely used in agriculture are at stake as Republicans and Democrats renew what is likely to be a multi-year battle over tax policy.
