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Shining Light on Farm & Food Policy for 20 Years.
Monday, September 16, 2024
Farm groups are stepping up the pressure on Congress to reject President Joe Biden’s proposals for increasing taxes on capital gains. More than 40 organizations have signed a letter to congressional leaders, saying the proposals threaten the transition to a new generation of farmers.
One of President Joe Biden’s tax proposals to address economic inequality while raising new revenue for domestic spending priorities would make it harder for farmers to use like-kind exchanges to defer taxes when they sell land to acquire other acreage.
President Joe Biden’s proposal to tax capital gains at death accounts for about one-third of the revenue to pay for his American Families Plan, a sweeping package of education, health and child care benefits. That’s according to an analysis of Biden’s tax proposals by the Tax Foundation.
President Joe Biden tries this week to sell congressional Republicans on his massive spending plans and tax proposals, while his nominee for the No. 2 position at the Agriculture Department moves closer to a final Senate vote.
Francis Collins, director of the National Institutes of Health, tells Agri-Pulse he’s concerned that rural regions could be hit with a new surge of COVID-19 cases this fall if vaccinations continue to lag due to resistance to getting the shot.
Just in case our rural readers think they’re the only ones with rural broadband problems, it can also be a problem in the heart of our nation’s capital.
Democrats representing heavily agricultural districts are urging House leaders to fully exempt family-owned farms from President Joe Biden’s plan to tax appreciated assets at death.
The Biden administration is finally putting some detail today on its 30-by-30 plan. The president’s call for conserving 30% of U.S. land by 2030 has been raising a lot of concern across the countryside that administration officials have been pushing back on for several weeks now.
With the Agriculture Department expected to soon release its strategy for tackling climate change, the top Senate Ag Committee’s top Republican is doubling down on his opposition to a USDA-run carbon bank.