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Shining Light on Farm & Food Policy for 20 Years.
Sunday, September 01, 2024
As lawmakers return this week from the Thanksgiving break, they face a host of issues including whether or not to extend several tax breaks and how to gain approval for nine more appropriations bills before the current stop-gap spending measure expires on December 16.
Various super committee packages have been advanced, but partisan bickering over the level of spending cuts and tax increases continues to stand in the way of reaching any compromise.
Senate Agriculture Committee Chairman Debbie Stabenow, D-Mich., and House Agriculture Chairman Frank Lucas, R-Okla., held separate briefings for members in an attempt to bring them up to date on the status of deliberations to cut $23 billion out of farm bill spending over the next decade.
With just 10 days left to produce a $1.2 trillion package aimed at deficit reduction, the 12 members of the Joint Deficit Reduction Committee are providing only small hints that they may be moving closer to their end game.
Public and private stakeholders attending the Asia-Pacific Economic Cooperation (APEC) meetings held this week in Honolulu, Hawaii pledged $1 million to create a new global food safety fund, which will be managed by the World Ban
As members of the House and Senate Agriculture Committees continue to work on finding $23 billion in farm bill spending cuts as part of $1.2 trillion package aimed at deficit reduction, many of their colleagues are suggesting that it may not be enough.
the Ranking Minority member of the House Agriculture Committee, Collin Peterson, said discussions over how to find $23 billion in farm bill cuts were in a “holding pattern†and that “there appears to be some backsliding†on some of the most contentious issues in the commodity title.
The chairmen and ranking minority members of the House and Senate Agriculture Committees are expected to get together and finalize their plans for cutting $23 billion out of farm bill spending over the next ten years.
The legislative focus on job creation continues this week, with Democrats and Republicans still advocating vastly different ways to pay for some of the proposals, such as the 3 percent withholding rule.
