President Joe Biden is set to announce his infrastructure plan on Wednesday, and it looks like he will also propose the tax increases he wants to use to pay for it. White House Press Secretary Jen Psaki confirmed on Monday that the cost of the infrastructure package would be offset dollar for dollar.
The House this week is expected to clear President Joe Biden’s $1.9 trillion American Rescue Plan after Senate Democrats fought off GOP attempts to gut the package in a marathon debate that went all night Friday to nearly noon on Saturday.
Agreements by the U.S., European Union and the UK to suspend all tariffs tied to airplane subsidies may open the door to renewed efforts by the U.S. to strike separate free trade agreements with the British and Europeans, according to Ag Secretary Tom Vilsack.
Farm earnings are broadly expected to ease this year, although USDA's latest farm income forecast projects skyrocketing prices for key commodities will help offset a steep drop in government payments and increases in production costs.
Responding to an executive order issued by the Biden administration, the Occupational Safety and Health Administration has issued guidance for companies to help stop the spread of COVID at workplaces and said it was looking at setting an emergency standard for COVID-19.
Cuba could be buying a lot more poultry, corn, dairy and other ag commodities produced in the U.S., but first the U.S. needs to reverse course and begin strengthening ties with the island nation. That is the message from some of the largest American farm groups to the incoming Biden administration.
With a deal in place between the newly independent UK and the European Union, American ag groups are anxious to see the U.S. complete its own free trade agreement with the British as the Biden administration prepares to take the reins in ongoing talks.