Lawmakers joined biofuel industry officials in ripping the Environmental Protection Agency for delays in releasing its biofuel blending mandates, with one Republican congressman saying it comes close to qualifying as a “broken campaign promise.”
House Speaker Nancy Pelosi, D-Calif., insists that Democratic leaders are on track to pass a bipartisan infrastructure bill this week while also reaching agreement on President Biden’s Build Back Better bill.
Farm groups are breathing a collective sigh of relief that congressional Democrats have dropped the idea of taxing capital gains at death, preserving the benefits of stepped-up basis. But many may still need to start talking to their tax advisers about just what’s in the legislation and how it could affect their tax planning.
A top member of the House Ag Committee and one of the more moderate Democrats in the chamber says she doesn’t expect $3.5 trillion to be the final figure for a reconciliation bill currently under consideration.