President Joe Biden is striving to build support in Congress and with the public for the Build Back Better plan. The original cost of the proposal was $3.5 trillion, but a $2 trillion compromise plan is now part of negotiations. Combest, Sell and Associates managing partner Tom Sell says there are agriculture provisions included in the Build Back Better plan. “The agriculture committees was tasked with putting together a $135 billion portion of the reconciliation package. Some of that would go to conservation programs directly and some of would go to nutrition programs and some would go to the notion of equity and paying off certain farmers’ loans.” Sell says pay-fors for the Build Back Better plan still likely include higher taxes for farmers and ranchers.
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