Items Tagged with 'Section 199A deduction'

House Republicans took a major step toward enacting President Donald Trump's policy agenda and boosting spending for commodity programs and crop insurance by winning passage Thursday morning of the GOP's sweeping budget reconciliation bill.

House Republicans will seek to push through critical portions of their massive budget package this week, including elements of the farm bill, cuts to nutrition assistance and expanded tax benefits. Ag Secretary Brooke Rollins heads to the United Kingdom to talk trade, and Health and Human Services Secretary Robert F. Kennedy Jr. faces questioning on Capitol Hill.

New EPA lead in California * Dems target GOP on SNAP * Farm groups want 199A permanent

Congressional Republicans are likely to move quickly to carry out President-elect Donald Trump’s top legislative priority by extending expiring tax provisions and enacting new tax cuts, and some farm bill measures could go along for the ride.

The top Republican on the Senate Finance Committee, Idaho Sen. Mike Crapo, warned leaders of the nation’s farmer cooperatives Thursday that U.S. inaction on trade agreements is benefiting China and that both former President Donald Trump and Vice President Kamala Harris pose problems for trade policy.