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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, April 30, 2024
Farm groups are breathing a collective sigh of relief that congressional Democrats have dropped the idea of taxing capital gains at death, preserving the benefits of stepped-up basis. But many may still need to start talking to their tax advisers about just what’s in the legislation and how it could affect their tax planning.
More than 2,100 agricultural operations in 37 states have been notified they are within a mile “down gradient” from high levels of PFAS contamination at military bases.
Democrats on the House Agriculture Committee look today to advance a $66 billion spending measure that’s missing a major piece — another $28 billion in funding for conservation programs.
The House Agriculture Committee debated $66 billion in new spending for agricultural research, renewable energy and forestry over strenuous objections of Republicans, who used the deliberations to highlight President Joe Biden’s proposal to increase taxes on inherited assets.
The House Agriculture Committee is set to debate legislation today that would provide major increases in spending for agricultural research, clean energy and conservation programs.
The Biden administration is requiring all federal employees and government contractors to get vaccinated for COVID-19 and will extend the mandate to companies with at least 100 employees.
Sources familiar with the agriculture provisions in the massive spending package Democrats are putting together expect it to include historic increases in conservation and research spending totaling nearly $36 billion.
More children experienced food insecurity in 2020 than in 2019, the Agriculture Department said in its annual report on household food security in the U.S. But nationwide, the overall rate remained steady despite the COVID-19 pandemic.
House Democrats are moving ahead this week with debating key provisions of the $3.5 trillion tax and spending package. The House Ways and Means Committee has announced plans to take up the health care, paid leave and child care provisions Thursday and Friday. That would push its action on tax issues into next week.
The Environmental Protection Agency’s Science Advisory Board, which has been dormant so far during the Biden administration, is likely to tackle climate change and environmental justice issues when it starts meeting again later this year, EPA and new members say.
