Items Tagged with 'capital gains taxes'

Democrats on the Senate Agriculture Committee have started meeting privately to start dividing up $135 billion in new spending that would be authorized by the partisan, fiscal 2022 budget resolution the Senate is considering.

Some moderate Democrats in the sharply divided House are raising concerns about a planned $3.5 trillion reconciliation package and don’t want its passage tied to the fate of a bipartisan infrastructure bill.

Agriculture Secretary Tom Vilsack is making it increasingly clear that he’s going to make it a priority to challenge the market power of big food processors and ag input suppliers. How far he ultimately goes remains to be seen. But he’s getting plenty of encouragement from both sides of Capitol Hill.

Senate Agriculture Chairwoman Debbie Stabenow says she’s continuing to work on getting increased funding for conservation programs included in an upcoming climate infrastructure package. But the committee’s top Republican, John Boozman of Arkansas, is pushing back against including the funding in a reconciliation bill without GOP input.

Congratulations to Jewel Bronaugh, who was confirmed by the Senate Thursday evening as deputy agriculture secretary, USDA’s No. 2 position. She was approved on a voice vote.

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.