January 23, 2020

Budget and Farm Bill; Ag Economy; Trade; and MF Global

Budget and Farm Bill Developments

Rosalind S. Helderman reported in Saturday’s Washington Post that, “Senate leaders reached an agreement Friday to extend the payroll tax cut for two months, averting a New Year’s tax increase for millions of workers. The agreement also will require the administration to decide quickly whether to allow construction of a controversial transcontinental oil pipeline.”

The Post article noted that, “White House communications director Dan Pfeiffer called the deal a ‘significant victory,’ extending a tax cut that many analysts say will help the economy.”