Biden seeks full-scale summer food program for children
Building on P-EBT benefits created in response to the coronavirus, President Biden proposed a vast expansion of the USDA's summer food program on Wednesday that would be available to the 22 million children who eat school meals for free or at a reduced price. The White House also called for expanding a program that provides free school meals to all children in high-poverty neighborhoods.
To tax wealth, Biden would narrow ‘stepped-up basis’ loophole
President Biden proposed stricter application of capital gains taxes, potentially generating billions of dollars in federal revenue, on Wednesday by restricting use of the decades-old "stepped-up basis" that reduces liability on inherited property. Although the White House said it would not increase taxes on heirs who want to keep the family farm running, the largest U.S. farm group was skeptical that the protection could be fashioned into law.