Articles Tagged with ''Senate Finance Committee''

Senate Democrats are proposing a tariff on carbon-intensive imports that critics say could increase farm production costs and invite retaliation by countries that would see the tax as unfairly protectionist.

The $3.5 trillion reconciliation package that Senate Democrats are putting together could have significant implications for agriculture when it comes to taxes and climate policy. One aspect to watch: A proposed border adjustment tax on carbon.

Senate Agriculture Committee Chairwoman Debbie Stabenow says she’s “very optimistic” that substantial new funding for farm bill conservation programs will be included in the $3.5 trillion spending agreement that Democrats have announced. Stabenow has been seeking $50 billion in new conservation funding to promote climate-friendly farming practices.

Many of the nation’s top farm groups have endorsed Janie Simms Hipp to become USDA’s general counsel ahead of her Senate confirmation hearing today.

Climate and infrastructure continue to be front and center on Capitol Hill. The Senate Finance Committee will debate a package of clean energy tax incentives today, while Republicans prepare a new counter-proposal on infrastructure spending ahead of the upcoming Memorial Day break.

Senate Democrats are proposing to create a new tax credit for clean fuels as part of a package of tax incentives intended to address climate change.

President Joe Biden’s drive to shift Americans to electric vehicles, something he showcased in a visit to a Ford electric vehicle plant on Tuesday, is getting pushback from Republicans on a couple of fronts.

The Senate Finance Committee is focusing today on how to fund a massive infrastructure package. The witnesses at today's hearing will include Shirley Bloomfield, CEO of NTCA–The Rural Broadband Association, who will be offering some options for structuring funding mechanisms.

Senate Republicans are expected to have a counterproposal on infrastructure spending by Tuesday that should have more details and could be larger than their initial $600 billion offer.

Representatives of the United States, Mexico and Canada sit down to hash out trade disagreements this week, while President Joe Biden continues discussions with Republicans on an infrastructure package.