FarmPolicy

December 13, 2018

Farm Bill; Ag Economy; Regulations; and Biofuels

Farm Bill: Budget Developments- Political Notes

John D. McKinnon and Carol E. Lee reported in today’s Wall Street Journal that, “Democrats have floated ideas that could raise tax revenues by some $400 billion over the next decade as they negotiate deficit reductions with Republicans, according to people familiar with the plan, posing the most contentious issue as talks reach a critical stage this week.

Republican leaders say they want no tax increases in the deal, though some say they can accept ideas for generating additional revenue along with broader tax changes.

Democrats say significant tax increases are required for fairness, to offset the deep cuts to government services that will make up the bulk of deficit reduction.”

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