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Shining Light on Farm & Food Policy for 20 Years.
Monday, September 16, 2024
With Democrats struggling to agree on their $3.5 trillion Build Back Better spending plan, a senior leader of the House Democratic caucus says the final vote on the Senate-passed infrastructure bill could be delayed.
Congressional Democrats, who are already struggling to agree on their signature Build Back Better spending plan, face the even more immediate task of averting a government shutdown and default.
Some Democrats on the House Agriculture Committee are urging House Speaker Nancy Pelosi to secure an additional $75 million to help USDA keep African swine fever out of the U.S.
House Democrats have moved their $3.5 trillion Build Back Better plan a step closer to the House floor, but the legislation is still a work in progress.
The agriculture portion of the $3.5 trillion spending package that Democrats are putting tougher is still a work in progress. In addition to $28 billion in conservation spending that still needs to be added to the legislation, there also will be some new farm debt relief.
A key House Democrat is promising to help fix language in a package of green energy tax incentives that could block U.S. farm commodities from benefiting from a new tax credit for renewable jet fuel.
Farm groups are breathing a collective sigh of relief that congressional Democrats have dropped the idea of taxing capital gains at death, preserving the benefits of stepped-up basis. But many may still need to start talking to their tax advisers about just what’s in the legislation and how it could affect their tax planning.
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.
Democrats on the House Agriculture Committee look today to advance a $66 billion spending measure that’s missing a major piece — another $28 billion in funding for conservation programs.