President Joe Biden’s proposal to eliminate stepped-up basis and tax capital gains at death has run into opposition from a key Democrat. The chairman of the House Agriculture Committee, Georgia Democrat David Scott, says the tax plan could hurt farmers even though the tax liability would be deferred as long as a family farm stays in operation.
Senate Agriculture Chairwoman Debbie Stabenow says that President Joe Biden’s $2.7 trillion infrastructure plan is “woefully inadequate” when it comes to funding for climate-friendly farming practices and that she's pushing for a major increase in funding for conservation programs.
The House Agriculture Committee is working on a bill to help Black farmers increase their market share by providing tax incentives to suppliers to buy their products, committee chairman David Scott, D-Ga., said on a webinar Friday on diversity and inclusion in agriculture moderated by Agri-Pulse.
House Agriculture Committee Chairman David Scott says he’ll be working with Republicans on a landmark bill to help Black farmers, following on the debt relief that was part of the new stimulus package.
U.S. farmers, ranchers, foresters and food companies are leaning in on the climate policy debate more than ever before, even as many questions remain about how to achieve measurable and practical solutions that can reduce greenhouse gas emissions.
Agriculture Secretary Tom Vilsack pledged to the House Agriculture Committee to “root out” systemic racism and barriers at USDA that prevent Black and other socially disadvantaged farmers from receiving the same level of assistance that has historically been available to white farmers.
It’s now up to the Senate. The House on Friday voted 246-175 to block the newly enacted $1.9 trillion economic stimulus package from triggering deep cuts in government programs. The cuts become automatic if Congress doesn’t waive PAYGO requirements under a 2011 budget law that was intended to limit deficit spending.
The Farmers to Families Food Box program has played a valuable role in addressing the hunger crisis caused by the COVID pandemic, but it needs to be improved so farms of all sizes can take advantage of it and hungry Americans can obtain needed sustenance, witnesses told the House Agriculture Committee Thursday.
Democrats pushed President Joe Biden's $1.9 trillion economic stimulus package through the House early Saturday despite progressives' fears about the future of a minimum-wage increase that's included in the measure.