Items Tagged with 'tax policy'

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.

Those in the biofuel industry and lawmakers from biofuel-heavy districts are expecting enough bipartisan support to preserve the 45Z credit in tax reforms next Congress.

Lawmakers are stepping up their work this week on a package of disaster aid and relief for commodity price declines as they head toward having to pass another extension of the 2018 farm bill. Deputy Agriculture Secretary Xochitl Torres Small is scheduled to testify at a Senate hearing on disaster aid needs. 

Congressional Republicans are likely to move quickly to carry out President-elect Donald Trump’s top legislative priority by extending expiring tax provisions and enacting new tax cuts, and some farm bill measures could go along for the ride.

Along the campaign trail, President-elect Donald Trump had vowed to repeal parts of the Biden administration's landmark climate law, the Inflation Reduction Act. Now facing a second Trump administration, industry groups are hopeful broad bipartisan support for biofuels and conservation programs in Congress means these initiatives will remain in place. 

Kamala Harris accepted the Democratic Party nomination for president of the United States Thursday, telling a raucous crowd at Chicago’s United Center that she wants to rebuild the country’s middle class by creating an “opportunity economy.”

The top Republican on the Senate Finance Committee, Idaho Sen. Mike Crapo, warned leaders of the nation’s farmer cooperatives Thursday that U.S. inaction on trade agreements is benefiting China and that both former President Donald Trump and Vice President Kamala Harris pose problems for trade policy.

President Joe Biden took on food companies over pricing and forcefully challenged Republicans and Donald Trump over the border, the economy, China and other issues in the last State of the Union address of his term.

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.