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Shining Light on Farm & Food Policy for 20 Years.
Saturday, October 19, 2024
The chairman of the House Ways and Means Committee, Jason Smith, is our guest on Agri-Pulse Newsmakers this week. He talks about the tax issues facing Congress next year, and the differences between former President Donald Trump and Vice President Kamala Harris when it comes to trade as well as tax policy.
In this opinion piece, Rep. Randy Feenstra, R-Iowa, argues that the latest forecasts for farm income and agricultural trade underscore the need for a new farm bill.
In this opinion piece, Reps. Randy Feenstra, R-Iowa, and Greg Murphy, R-N.C., argue that South Africa should be held accountable to its trade obligations under the African Growth and Opportunity Act.
U.S. Trade Representative Katherine Tai on Tuesday forcefully defended President Joe Biden's cautious approach to negotiating new trade agreements, saying the administration wants to avoid deals that pit one U.S. sector against another.
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.
The House could pass a short-term package of tax breaks as soon as this week, but the measure faces some Republican concerns that the expanded child tax credit included in the deal could help President Joe Biden’s re-election campaign or encourage working parents to quit their jobs.
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.
A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers, and the agreement also would restore a bonus depreciation provision to 100%.