Articles Tagged with ''House Ways and Means Committee''

Senate Republicans will try to put the final touches on their version of the One Big Beautiful Bill during a work week shortened by the Juneteenth holiday, while trade discussions are expected to be on the agenda as President Donald Trump and Treasury Scott Bessent attend the G7 meeting this week in the Canadian Rockies. 

Treasury Secretary Scott Bessent says the U.S. and China have made “substantial progress” in talks aimed at de-escalating rising trade tensions and indicated the two sides may have struck a deal. The administration is set to provide further details on the state of discussions today.

House Republicans will seek to push through critical portions of their massive budget package this week, including elements of the farm bill, cuts to nutrition assistance and expanded tax benefits. Ag Secretary Brooke Rollins heads to the United Kingdom to talk trade, and Health and Human Services Secretary Robert F. Kennedy Jr. faces questioning on Capitol Hill.

House proposals to include cuts to lowered price school meals in upcoming reconciliation talks could impact over 24,000 high-needs schools serving over 12 million students, according to an anti-hunger group.

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.

The chairman of the House Ways and Means subcommittee that handles trade policy says he’s concerned about the U.S. becoming embroiled in tit-for-tat tariff escalations that could lead to ag producers facing new duties. 

Republicans are seeking input from biofuel stakeholders on what future tax policy should look like now that the GOP will have control in the White House and both chambers of Congress.

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.

The chairman of the House Ways and Means Committee, Jason Smith, is our guest on Agri-Pulse Newsmakers this week. He talks about the tax issues facing Congress next year, and the differences between former President Donald Trump and Vice President Kamala Harris when it comes to trade as well as tax policy.

In this opinion piece, Rep. Randy Feenstra, R-Iowa, argues that the latest forecasts for farm income and agricultural trade underscore the need for a new farm bill.