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Shining Light on Farm & Food Policy for 20 Years.
Thursday, January 30, 2025
President-elect Donald Trump insists he is not scaling back plans for an across-the-board tariff on U.S. imports, rejecting a Washington Post report suggesting aides are crafting a pared-down proposal.
Republicans are back in charge on both sides of Congress for the first time in six years, facing pressure to make good on President-elect Donald Trump’s tax and border policies and to prepare his slate of nominees for quick confirmation.
Democrats hope to get President Joe Biden’s Build Back Better bill to the finish line in December, but first they face a more urgent stalemate with Republicans ahead of Friday’s expiration of a stopgap funding bill.
Congressional Democrats are staring at a possible government shutdown this week even as they try to bridge warring factions that threaten passage of a bipartisan infrastructure and the bigger Build Back Better spending package.
Democrats’ massive Build Back Better bill not only protects stepped-up basis, it also includes a long-sought change in an estate-tax provision that could have far-reaching benefits for many farms.
Congressional Democrats, who are already struggling to agree on their signature Build Back Better spending plan, face the even more immediate task of averting a government shutdown and default.
Following an outcry from farm groups and rural lawmakers, House Democrats proposed a tax package Monday that omits President Joe Biden’s proposal to tax capital gains at death.
House Democrats look to finish pulling together their $3.5 trillion tax and spending package this week, despite a fierce internal struggle over the taxes they need to pay for it and delays in finalizing $94 billion in agriculture provisions.
Congressional Democrats’ massive Build Back Better spending plan would create a new subsidy for renewable jet fuel while also extending the existing tax credit for biodiesel and renewable diesel through 2031.
House Democrats are proposing historic funding for conservation programs, agricultural research, renewable energy and forestry and other climate-related priorities as part of a $3.5 trillion tax and spending package.
