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Shining Light on Farm & Food Policy for 20 Years.
Thursday, December 19, 2024
The new chairman of the House Ways and Means Committee remains focused on expanding agricultural trade and finding new opportunities for farmers, ranchers, small-businesses and working-class citizens.
The Biden administration has so far opted not to enter into traditional, tariff-cutting free trade agreements, and farm groups are now turning to the large field of candidates hoping to be the next president to make the case for new trade deals.
Several key House committees will be chaired in the coming Congress by Republican lawmakers who represent districts with significant farm production or have an agricultural background themselves.
The Biden administration is kicking off talks with Taiwan on an agreement to facilitate more trade between the countries without reducing tariffs, according to senior administration officials.
President Joe Biden will release his fiscal 2023 budget on Monday, just six months before the new budget year begins, while Senate leaders search for a way to move a bill aimed at relieving port bottlenecks.
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.
Farm groups are bracing for President Joe Biden to propose higher taxes on inherited assets and capital gains this week, while the Supreme Court takes up the authority of EPA to exempt refiners from biofuel usage requirements.
President-elect Joe Biden says he has assured world leaders that labor unions and environmentalists will be “at the table” when he's negotiating any new trade deals.
A Senate committee will take up the House-passed implementing bill for the U.S.-Mexico-Canada trade agreement this week and the trade pact could advance quickly to the president's desk.
