The Senate passed its fiscal year 2022 budget resolution with a party-line vote. The budget resolution calls for $3.5 trillion in long-term investments to be fully offset by a combination of new tax revenues, health care savings and long-term economic growth. The agreement would prohibit new taxes on families making less than $400,000 per year, and on small businesses and family farms. Passing a budget resolution is the first step in unlocking the reconciliation process, which allows the majority party to pass legislation by a simple majority. The reconciliation instructions include 12 committees with the Agriculture Committee receiving instructions for $135 billion.
NASDA signed two coalition letters that highlight the need for additional funding to support USDA’s conservation and climate programs in a reconciliation bill, while protecting the current Farm Bill programs. NASDA staff will be monitoring this process.
