Oregon's Wyden reboots his 2017 energy tax bill, festooned with climate-friendly energy incentives, then subtracts several oil/gas industry tax breaks, to top off a Senate Democratic tax policy plan.

With a new farm bill enacted and trade wars ongoing, the eyes of U.S. agriculture will shift to the Senate Finance Committee, where farm groups will have a critical ally at the top in new Chairman Chuck Grassley and several more in the panel’s membership.

Lawmakers return to Washington next week facing a battle over tax cuts and the possibility of a government shutdown, if they can’t agree on a budget for the rest of the fiscal year.

Farms could see different impacts on their federal tax returns under the varying and complex rules in the tax legislation that Republicans are seeking to push through the House and Senate.

WASHINGTON, Oct. 25, 2017 - Congressional Republicans are preparing to roll out a package of tax cuts with hopes of pushing the bill through at least the House by Thanksgiving. There is no higher priority this Congress for the GOP. Republicans see passing tax cuts as vital to their chances of maintaining control of Congress in 2018.