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Shining Light on Farm & Food Policy for 20 Years.
Sunday, March 09, 2025
A congressional agreement that would boost the child tax credit and temporarily increase some business tax breaks is paving the way for a major battle coming in 2025 over a range of expiring tax cuts that could cost trillions of dollars to extend.
The House Ways and Means Committee advances a bipartisan agreement to expand the child tax credit while boosting two tax breaks that are widely used in agriculture.
The U.S. is escalating its dispute with Mexico over the country’s ban on genetically modified white corn and its intent to eventually bar all biotech corn from food and animal feed by calling for the establishment of a dispute panel under the U.S.-Mexico-Canada Agreement.
Lawmakers express relief that the Biden administration is taking the first steps toward a formal USMCA challenge to Mexico's planned ban on genetically modified white corn, but they stress they don’t want extensive delays that could harm U.S. corn farmers.