Items Tagged with 'tax extenders'

Railroads that are critical to agricultural shippers have won some permanent tax relief, while biofuel producers have received extensions of tax benefits that subsidize next-generation products and installation of blender pumps.

Farmers who were facing a steep drop in government payments in 2021 will instead see a third round of coronavirus relief payments and other producers and ag processors left out of previous aid programs this year will get help this time, under a massive stimulus package and government funding bill.

Congressional leaders reach agreement with the White House on a $900 billion COVID-19 relief package that will include a new round of aid to various agriculture sectors while also ensuring the deductibility of expenses used to get forgiveness of Paycheck Protection Program loans.

A bipartisan agreement on spending levels for fiscal 2021 is raising hope that lawmakers can agree on a government spending bill before the end of the year.

In what is setting up to be an historic week, the House is poised to ratify the U.S.-Mexico-Canada Agreement after a bitter debate over the impeachment of President Donald Trump, and lawmakers also are rushing to pass legislation to fund the government for fiscal 2020.

Lawmakers return from the Thanksgiving break with a long to-do list important to agriculture that includes keeping the government funded and potentially debating the U.S.-Mexico-Canada Agreement, all of which is competing for attention with the House impeachment battle.

House Democrats kick off their public impeachment hearings this week amid pressure from farm groups to finalize a deal with the White House to act on the U.S.-Mexico-Canada Agreement.

The Chairman of the House Ways and Means Committee hopes to squeeze a package of tax reforms and disaster relief measures into an already jam-packed lame duck congressional schedule.