BARN OnAir & OnLine 24/7/365

Ag News, Markets & MORE…OnAir, OnLine & OnDemand!

03-25-13 *NAFB NEWS* “Senate Approves FY 2014 Budget Resolution”

Posted by Brian Allmer on March 25, 2013

nafblogobluegoldcopyEarly Saturday morning – the U.S. Senate approved a fiscal year 2014 budget resolution on a 50 to 49 vote. Senate Budget Chair Patty Murray says the Senate’s budget takes the balanced and responsible approach to tackling our fiscal and economic challenges that the vast majority of families across the country support. Murray says the budget replaces sequestration in a balanced way to protect jobs and the economy and invests in broad-based economic growth and job creation. Several ag-related amendments were included in the measure. With a vote of 80 to 19 – the Senate approved an amendment that would repeal or reduce the estate tax if done in a fiscally responsible way. An offset would be required.

By voice vote – the Senate approved an amendment opposed by the American Farm Bureau Federation that would allow Senate committees to use funding for reports about the labeling of genetically engineered fish. An amendment to ensure the appropriate Senate committees are able to use funding for promoting investment and job growth through the construction of the Keystone XL pipeline was approved with a 62 to 37 vote.

Three separate amendments to establish deficit-neutral reserve funds to – eliminate the estate tax; protect the interests of the United States in making a decision on the Keystone XL pipeline; and to ensure all revenue from a carbon pollution fee is returned to U.S. taxpayers through federal deficit reduction, reduced federal tax rates, cost savings or other direct benefit – were all rejected.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
Follow

Get every new post delivered to your Inbox.

Join 71 other followers