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Shining Light on Farm & Food Policy for 20 Years.
Saturday, August 10, 2024
A short-term tax package that would restore full bonus depreciation and raise limits on the Section 179 expensing provision is now set to move next week in the House. Meanwhile in the Senate, the top Republican on the Senate Finance Committee is making clear that the bill shouldn’t set a precedent for offsetting the cost of future tax bills.
A congressional agreement that would boost the child tax credit and temporarily increase some business tax breaks is paving the way for a major battle coming in 2025 over a range of expiring tax cuts that could cost trillions of dollars to extend.
Ag Secretary Tom Vilsack says he’s against a proposal to be more restrictive with future rewrites of the Thrifty Food Plan, the calculation used to determine Supplemental Nutrition Assistance Program benefits.
Ag Secretary Tom Vilsack is in Salt Lake City today to speak at the annual convention of the American Farm Bureau Federation, the nation’s largest general farm organization.
The House Ways and Means Committee advances a bipartisan agreement to expand the child tax credit while boosting two tax breaks that are widely used in agriculture.
Senate Agriculture Committee Chairwoman Debbie Stabenow is circulating some ideas for farm program reforms that include an increase in effective reference prices that would benefit all commodities, plus an unspecified improvement in marketing loans.