With another union rejecting a prior labor deal, businesses are asking Congress and the White House to step in.
A group of more than 300 businesses from various industries penned a letter to President Biden, urging him to step in and get the deal he brokered approved. The President approved a board of arbitrators over the summer to try and resolve the dispute to no avail.
All 12 unions must sign off on the deal to prevent a rail strike by November 19th. Six smaller unions have already signed off on the deal with four others expected to vote in the coming weeks. Two have rejected it.
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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
Lawmakers are pressing for answers on how Washington’s “managed trade” approach — keeping leverage through long-term tariffs — will affect farmers, global markets, and future export opportunities.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
