The Agriculture Department will soon start distributing $6 billion in disaster relief payments for losses producers experienced in 2020 and 2021 through a wide range of natural disasters, including drought, wildfires and excessive heat and cold.
Senate Agriculture Committee Chairwoman Debbie Stabenow says she’s “very optimistic” that substantial new funding for farm bill conservation programs will be included in the $3.5 trillion spending agreement that Democrats have announced. Stabenow has been seeking $50 billion in new conservation funding to promote climate-friendly farming practices.
The Senate Finance Committee is focusing today on how to fund a massive infrastructure package. The witnesses at today's hearing will include Shirley Bloomfield, CEO of NTCA–The Rural Broadband Association, who will be offering some options for structuring funding mechanisms.
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.