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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, July 23, 2024
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.
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.
Over 2.5 million out of 3.9 million acres submitted have been accepted by USDA in this year’s Grassland Conservation Reserve Program enrollment, with additional priority zones for elk migratory paths and the Dust Bowl region.
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.
U.S. airlines announced a goal to use 3 billion gallons of renewable jet fuel by 2030, and the White House released a plan to spur development of the biofuel the industry will need.
The Department of Agriculture is trying to help rural communities reduce energy bills and impacts to climate by investing $464 million to enhance renewable energy infrastructure, officials said Thursday.
House Democrats are proposing historic funding for conservation programs, agricultural research, renewable energy and forestry and other climate-related priorities as part of a $3.5 trillion tax and spending package.