Articles Tagged with ''Katherine Tai''

U.S. Trade Representative Katherine Tai promised lawmakers Wednesday that work has begun to work out trade disputes with the European Union and the UK to create what President Joe Biden calls “a united front of U.S. allies,” but she largely left questions about China unanswered as the U.S. continues to study the situation.

President Joe Biden is expected to release a new round of spending proposals this week, plus the tax increases to pay for them. Farm groups have been raising concerns for weeks about those tax proposals in the expectation they will include either the elimination of stepped-up basis or a new “transfer” tax on inherited assets.

The last time a Democratic administration tried to pass climate legislation, in 2009, the bill died in the Senate partly because of resistance from farm groups. This year, one of the first significant climate bills a congressional committee is going to vote on is a measure backed by farm groups – the Growing Climate Solutions Act, which is aimed at facilitating the development of ag carbon markets.

The top Democrat on the House Agriculture Appropriations Subcommittee is not opposed to moving President Joe Biden’s $2 trillion infrastructure bill through the reconciliation budget process if Republicans don’t come to the table.