House panel approves $66 billion ag bill; change in ‘stepped-up basis’ is abandoned

The Democratic-controlled House Agriculture Committee approved its $66 billion part of President Biden’s $3.5 trillion “build back better” bill on a party-line vote Monday, with Chairman David Scott saying he was confident that $28 billion will be added later for land stewardship and climate mitigation by farmers. Meanwhile, House Democrats said they would not alter… » Read More

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