January 22, 2020

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

Budget and Farm Bill Issues

Janet Hook reported in today’s Wall Street Journal that, “The threat of a New Year’s tax increase loomed larger Monday, as Congress deadlocked over legislation to extend a payroll tax break and unemployment benefits. (Note: A graphical overview of the House and Senate tax cut bills is available here).

“The split between the parties —and among Republicans—widened as the House was poised to vote Tuesday to block a bipartisan Senate bill extending current payroll tax rates by two months and extending benefits for the long-term unemployed that are due to expire Dec. 31.”