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Shining Light on Farm & Food Policy for 20 Years.
Friday, October 18, 2024
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.
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.