President Joe Biden today is proposing a $1.8 billion package of spending on child nutrition and other social needs that would be paid for in part by new taxes on inherited assets. The president’s plan promises to protect family-run farms from the new taxes as long as the farms stay in operation.
Lawmakers are looking to pass the first child nutrition reauthorization bill in more than a decade this year by building on the political momentum behind measures to expand access to federally funded meals during the COVID-19 pandemic.
Congressional Democrats will use this week to build their case for two major priorities, a multi-trillion dollar climate and infrastructure package, and a child nutrition reauthorization bill that could be used to increase the number of kids getting free meals.
Trade remains the top concern for American agriculture heading into 2020, with looming uncertainty about whether the Chinese will make promised increases in commodity purchases, and whether President Donald Trump will provide another round of trade assistance to U.S. producers.