Articles Tagged with ''House Agriculture Committee''

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.

House Democrats look to finish pulling together their $3.5 trillion tax and spending package this week, despite a fierce internal struggle over the taxes they need to pay for it and delays in finalizing $94 billion in agriculture provisions.

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.

The House Agriculture Committee is set to debate legislation today that would provide major increases in spending for agricultural research, clean energy and conservation programs.

Sources familiar with the agriculture provisions in the massive spending package Democrats are putting together expect it to include historic increases in conservation and research spending totaling nearly $36 billion.

House Democrats are forging ahead with writing a massive new tax and spending package with major implications for the next farm bill as well as producers’ finances.

More than 60 groups are urging Democratic congressional leaders to prioritize climate-friendly agriculture, food systems and equity in their $3.5 trillion domestic spending package.

The fresh produce sector is joining dairy processors and the supermarket industry in welcoming the Biden administration’s decision to boost SNAP benefits by 27%. The increase comes from revisions to the Thrifty Food Plan, a calculation that USDA uses to determine benefits. The increase is due in part to the fact that the revision is supposed to bring benefit levels in line with federal dietary guidelines.

Senate Democrats released a fiscal 2022 budget resolution that calls for $3.5 trillion in new spending, including as much as $135 billion for agriculture and child nutrition programs, funded largely by a border carbon tariff and tax increases on capital gains and high-earning individuals.