Tax Reform Proposal from House, Grants for Nearly 2,000 Colleges
- Some say Congress will not actually get around to working on tax reform until 2017 but the House Ways and Means Committee Chair Dave Camp has unveiled a new tax reform proposal.
The proposal calls for lowering income tax rates for most Americans and businesses but also reduces the value of or eliminating entirely key tax breaks.
Among other things the proposal would reduce the number of individual income tax brackets from seven to three and raise the standard deduction to 11,000 for individuals and 22,000 for couples.
- Ag Secretary Tom Vilsack announced 76 grants totaling more than $35 million Wednesday.
USDA’s National Institute of Food and Agriculture grants will support research, teaching and extension activities at 1,890 Historically Black Land-Grant Colleges and Universities.
Vilsack says the competitively-awarded grants support the continued leadership of institutions in the field of agriculture, the environment and public health. The Grants Program is intended to support agricultural science programs while also strengthening the linkages among the universities, other colleges and universities, USDA and private industry.