The Senate has approved a $1.2 trillion bipartisan infrastructure bill. The bill will now be considered in the House. This first phase of infrastructure allocates $110 billion for roads and bridges, $16 billion for ports and waterways, $65 billion for rural broadband and $47.2 billion for cybersecurity, flood and drought mitigation. Agriculture groups have a mostly positive response to the vote, calling it a step in the right direction. The American Farm Bureau Federation is urging the House to follow the Senate’s lead by leaving tax rates and stepped-up basis unchanged.
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