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Shining Light on Farm & Food Policy for 20 Years.
Sunday, August 18, 2024
U.S. Trade Representative Katherine Tai on Tuesday forcefully defended President Joe Biden's cautious approach to negotiating new trade agreements, saying the administration wants to avoid deals that pit one U.S. sector against another.
In this opinion piece, Chairman of the House Ways and Means Committee Jason Smith, criticizes the Biden Administration's trade strategy and the effects it has on ag exports and American farmers.
House Ways and Means Committee Chair Jason Smith has asked the International Trade Commission, an independent panel that advises Congress and the executive branch, to investigate the impact of export restrictions on the U.S. rice industry.
The House could pass a short-term package of tax breaks as soon as this week, but the measure faces some Republican concerns that the expanded child tax credit included in the deal could help President Joe Biden’s re-election campaign or encourage working parents to quit their jobs.
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.
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.
The U.S. is escalating its dispute with Mexico over the country’s ban on genetically modified white corn and its intent to eventually bar all biotech corn from food and animal feed by calling for the establishment of a dispute panel under the U.S.-Mexico-Canada Agreement.
Lawmakers express relief that the Biden administration is taking the first steps toward a formal USMCA challenge to Mexico's planned ban on genetically modified white corn, but they stress they don’t want extensive delays that could harm U.S. corn farmers.