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.
Some 300 corporations, including some industry giants in the agriculture and food industry, are calling on President Joe Biden to commit the U.S. to cutting its greenhouse gas emissions in half by 2030 from 2005 levels.
Michael Regan is officially in place as administrator of the EPA after being sworn in Wednesday by Vice President Kamala Harris. The ceremony took place shortly after another nominee who had strong backing from farm groups, Katharine Tai, was confirmed by the Senate 98-0 to be U.S. trade representative.
House Democrats are gearing up to pass the Farm Workforce Modernization Act to reform the H-2A visa program and legalize undocumented workers. But the path ahead in the Senate for an ag labor bill is as difficult as ever, especially with the surge of migrants at the border.
Tom Vilsack’s return to USDA has been on hold for reasons because of delays in getting the 50-50 Senate organized. But incoming Senate Agriculture Chairwoman Debbie Stabenow tells Agri-Pulse she hopes to get Vilsack’s nomination for agriculture secretary approved “as soon as possible” once she takes over the committee.
Congressional leaders reach agreement with the White House on a $900 billion COVID-19 relief package that will include a new round of aid to various agriculture sectors while also ensuring the deductibility of expenses used to get forgiveness of Paycheck Protection Program loans.
Congress faces a midnight deadline to keep the government funded. As of Thursday evening, it wasn’t clear whether lawmakers would be asked to pass a very short-term stopgap spending bill to provide the time they need to pass a massive bill that would include both government funding for fiscal 2021 as well as a big new COVID aid package.
Congressional leaders spent Tuesday evening behind closed doors working on a sweeping year-end deal that would include a new coronavirus relief package as well as funding for the federal government for the fiscal 2021.