Politics

RSS

The Biden administration wants a better trade remedy than the nearly 60-year-old Section 232 tariffs that the Trump administration enacted to counter imports of foreign steel and aluminum, U.S. Trade Representative Katherine Tai told lawmakers Wednesday.

Farm groups are stepping up the pressure on Congress to reject President Joe Biden’s proposals for increasing taxes on capital gains. More than 40 organizations have signed a letter to congressional leaders, saying the proposals threaten the transition to a new generation of farmers.

One of President Joe Biden’s tax proposals to address economic inequality while raising new revenue for domestic spending priorities would make it harder for farmers to use like-kind exchanges to defer taxes when they sell land to acquire other acreage.

Some conservation and environmentalists say the new Civilian Climate Corps should create private landowner partnerships with the Agriculture Department to protect soil, both to reduce greenhouse emissions and protect water quality.

Florida has expanded its right-to-farm law by making it more difficult for residents to sue over the impacts of agricultural operations, adding a slew of conditions designed to discourage lawsuits.

President Joe Biden’s proposal to tax capital gains at death accounts for about one-third of the revenue to pay for his American Families Plan, a sweeping package of education, health and child care benefits. That’s according to an analysis of Biden’s tax proposals by the Tax Foundation.

President Joe Biden tries this week to sell congressional Republicans on his massive spending plans and tax proposals, while his nominee for the No. 2 position at the Agriculture Department moves closer to a final Senate vote.

U.S. Trade Representative Katherine Tai is taking time from meeting top trade officials from around the globe to get to better know the U.S. ag sector and its priorities.