Infrastructure package has $65 billion for broadband

The infrastructure agreement announced by a bipartisan group of senators on Wednesday would expand broadband access to all Americans, according to the White House. An estimated 35 percent of rural families currently lack high-speed internet service.

House committee approves $43 billion rural broadband bill

On a voice vote, the House Agriculture Committee approved a bill on Wednesday to provide $43 billion over eight years to bring broadband service to hundreds of thousands of families and businesses that lack access now. Chairman David Scott said Democratic leaders were "looking to move this in an expeditious way to the Senate."

House chairman proposes $50 billion for rural broadband

The government would spend $50 billion to assure broadband access throughout rural America under a bill sponsored by House Agriculture chairman David Scott, seven times the amount proposed by Republicans on the panel. Scott scheduled a committee vote on his bill for Wednesday. “This bill will …

Biden says no to higher gas taxes to pay for infrastructure

If a bipartisan infrastructure deal holds, Midwesterners can expect upgrades to roads, bridges and broadband networks, President Biden said on Tuesday in LaCrosse, Wisconsin. "There is no gas tax (increase)," he said. "Working families have already paid enough."

Infrastructure framework has $65 billion for universal broadband

President Biden said the $1.2-trillion infrastructure package negotiated with senators on Wednesday will "deliver high-speed internet to every American home" as well as repairing or rebuilding roads and bridges nationwide.

Former Rep. Torres Small is selected to lead rural development at USDA

President Biden chose former Rep Xochitl Torres Small of New Mexico to serve as agriculture undersecretary for rural development, overseeing a portfolio of $43 billion in housing, utilities and business and industry programs. Congress overrode a Trump-era reorganization of USDA to re-create the Senate-confirmed post in 2018.

House bill proposes more than $7 billion for rural broadband

Republicans on the House Agriculture Committee on Thursday proposed a three-year program with $7.35 billion in funding to bring broadband access to rural America. The bill would focus on the most remote and least served areas.

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.

Bringing broadband to all rural Americans could cost up to $150 billion

President Biden proposed $100 billion in his infrastructure plan to make high-speed internet available throughout America, but industry officials said at a congressional hearing on Tuesday that it could cost up to $150 billion to fill the gaps in coverage in rural America, where service is …

Large ag exports to China create risk for U.S., says FCA chief

U.S. agriculture is running the risk of becoming overly reliant on large exports to China just over a year after Washington and Beijing de-escalated their trade war, said the head of the Farm Credit Administration on Wednesday.