Articles Tagged with ''Build Back Better''

Congressional Democrats have agreed on conservation and debt relief provisions that would immediately ramp up climate-focused conservation spending, including direct payments for cover crops, while also paying off loans for at-risk USDA borrowers.

Congressional Democrats are staring at a possible government shutdown this week even as they try to bridge warring factions that threaten passage of a bipartisan infrastructure and the bigger Build Back Better spending package.

We now have the details on the $28 billion plan that Democrats have developed for funding climate-smart agriculture. According to a summary circulating on Capitol Hill and obtained by Agri-Pulse, the plan features a new $5 billion program to provide direct payments to farmers who plant cover crops.

Democrats’ massive Build Back Better bill not only protects stepped-up basis, it also includes a long-sought change in an estate-tax provision that could have far-reaching benefits for many farms.

With Democrats struggling to agree on their $3.5 trillion Build Back Better spending plan, a senior leader of the House Democratic caucus says the final vote on the Senate-passed infrastructure bill could be delayed.

Congressional Democrats, who are already struggling to agree on their signature Build Back Better spending plan, face the even more immediate task of averting a government shutdown and default.

The Democratic-controlled House Agriculture Committee on Monday approved a partisan spending package that is expected to grow to $94 billion once new funding for farm bill conservation programs is added.

Following an outcry from farm groups and rural lawmakers, House Democrats proposed a tax package Monday that omits President Joe Biden’s proposal to tax capital gains at death.

Congressional Democrats’ massive Build Back Better spending plan would create a new subsidy for renewable jet fuel while also extending the existing tax credit for biodiesel and renewable diesel through 2031.

The House Agriculture Committee debated $66 billion in new spending for agricultural research, renewable energy and forestry over strenuous objections of Republicans, who used the deliberations to highlight President Joe Biden’s proposal to increase taxes on inherited assets.