On Friday, November 19th, the U.S. House of Representatives approved $1.75 trillion in new spending and taxes for "social infrastructure" in the "Build Back Better" plan developed by democrats through a budget reconciliation process. The process allows for the measure to be approved by the House and Senate with simple majorities, which democrats have in both the House and Senate. The legislation is expected to receive more scrutiny in the Senate where at least two democratic Senators have expressed reservations for the tax and spend proposal. The bill passed the House by a vote of 220-213.
Included in the legislation is increased spending for several farm bill conservation programs and new payments for utilization of cover crops as well as new spending for rural development, agriculture research.
Information on what is in the legislation: