| House of Representatives Passes Tax PackageOn Wednesday evening, the House of Representatives passed a tax package addressing business tax policies as well as expanding the child tax credit. The bill also includes provisions to raise limits on the Section 179 expensing provision as well as restore bonus depreciation. These provisions are often used by those in the agriculture sector to write off expenses related to farm equipment and machinery. The bill passed on a bipartisan 357-70 vote, with 169 Republicans and 188 Democrats voting in support. The bill will now move to the Senate. To date, the Senate has not announced plans to consider the bill. USRPA Calls for Consistent Pesticide RegulationThis week, USRPA joined other agriculture organizations in calling for consistent labeling of pesticides. In a letter to House and Senate Appropriations Committee leadership, they noted that some states and localities have begun implementing regulations for pesticides that contradict the scientific guidance provided by the Environmental Protection Agency (EPA). They ask Congress to consider the impacts of a patchwork of policies and urge the Committees to include language reaffirming federal pesticide labeling uniformity in the final fiscal year 2024 appropriations bill for the EPA. A copy of the letter can be found here. |
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