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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, October 16, 2024
That didn’t last long. Just two weeks after Congress passed the debt ceiling agreement, the fiscal 2024 spending process is getting off to a rocky start.
House Democrats accused Republicans of breaking the debt ceiling agreement by advancing a fiscal 2024 spending bill for USDA and FDA that would cut funding to near FY22 levels while also relying on funding rescissions that have little chance of being enacted.
The House Appropriations Committee today will take up a fiscal 2023 funding bill for USDA and FDA that was delayed during the negotiations over the debt ceiling.
Two tax breaks that are widely used in agriculture are at stake as Republicans and Democrats renew what is likely to be a multi-year battle over tax policy.
The Agriculture Department has agreed to enroll 1.07 million acres in the Conservation Reserve Fund this year out of the 1.19 million acres offered by landowners under general signup rules.
House Republican leaders are looking to get their agenda back on track after a group of hard-line conservatives angry over the debt ceiling agreement effectively brought action in the chamber to a halt last week.
House Republicans proposed a tax package Friday that would impose a new excise tax of up to 60% on purchases of U.S. farmland by China and other “countries of concern."