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Shining Light on Farm & Food Policy for 20 Years.
Sunday, May 19, 2024
Democrats hope to get President Joe Biden’s Build Back Better bill to the finish line in December, but first they face a more urgent stalemate with Republicans ahead of Friday’s expiration of a stopgap funding bill.
Congressional Democrats are staring at a possible government shutdown this week even as they try to bridge warring factions that threaten passage of a bipartisan infrastructure and the bigger Build Back Better spending package.
Democrats’ massive Build Back Better bill not only protects stepped-up basis, it also includes a long-sought change in an estate-tax provision that could have far-reaching benefits for many farms.
Congressional Democrats, who are already struggling to agree on their signature Build Back Better spending plan, face the even more immediate task of averting a government shutdown and default.
Following an outcry from farm groups and rural lawmakers, House Democrats proposed a tax package Monday that omits President Joe Biden’s proposal to tax capital gains at death.
House Democrats look to finish pulling together their $3.5 trillion tax and spending package this week, despite a fierce internal struggle over the taxes they need to pay for it and delays in finalizing $94 billion in agriculture provisions.
Congressional Democrats’ massive Build Back Better spending plan would create a new subsidy for renewable jet fuel while also extending the existing tax credit for biodiesel and renewable diesel through 2031.
House Democrats are proposing historic funding for conservation programs, agricultural research, renewable energy and forestry and other climate-related priorities as part of a $3.5 trillion tax and spending package.
House Democrats are proposing a $35 billion expansion of child feeding assistance as part of their massive tax and spending package, and a lawmaker announced Wednesday that the measure also would include $1 billion in biofuel aid.
House Democrats are forging ahead with writing a massive new tax and spending package with major implications for the next farm bill as well as producers’ finances.
