CLICK HERE TO VIEW CURRENT ISSUE

Stay Informed
with these

Services
Agri Marketing Update
e-newsletter sent each Monday and Thursday
Agri Marketing
Text Alerts

Big news as it breaks
@AgriMarketing on Twitter
Farm Show Guide
Marketing Services Guide
Books:

National Agri-Marketing Association
NAMA Website
Upcoming Events
Chapters
Agri-Marketing Conf
Best of NAMA 2023












PRESIDENT BIDEN TO ANNOUNCE $3 TRILLION INFRASTRUCTURE/CLIMATE/SOCIAL WELFARE PLAN
Nat'l Sorghum Producers report:

The White House plans to roll out its "Build Back Better" plan during a speech by President Joe Biden next Wednesday. The Biden proposal is a massive, $3 trillion-plus package that will have two main themes: an infrastructure/climate change portion that will total more than $2 trillion, and a social welfare element estimated at roughly $1 trillion or more. The traditional infrastructure piece will focus on investments in roads, bridges, infrastructure, public housing, schools, water, and manufacturing.

The pay-for is a hike in the corporate tax rate. The "human infrastructure" piece includes free community college, universal preschool, child care, paid leave, long-term care, and prescription drug overhaul. The pay-for for this portion is hiking the individual tax rate and closing the carried interest loophole. The proposal was previewed in a New York Times story written by Jim Tankersley and published on March 22.

Punchbowl News reports Democratic leaders on Capitol Hill are going to try to move the component pieces of this, but everything will likely be jammed into an early fall reconciliation bill that would be passed on a party line vote. Increasingly tight margins in the House and a 50-50 spilt in the Senate could make moving mammoth legislation very difficult. Agriculture's role in climate change would likely be a part of the mix both as it relates to carbon sequestration and any direct or indirect limitations on carbon emissions.


Search News & Articles










Proudly associated with:
SIIA AM&P Canadian Agri-food Marketers Alliance National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters Agricultural Communicators Network Livestock Publications Council
All content © 2024, Henderson Communications LLC. | User Agreement