Farm Bill Fiasco
FreedomWorks Chief Economist Wayne Brough has an excellent piece up on freedomworks.org about the farm bill fiasco being debated in Congress this week. I met with Rep. Jeff Flake’s staff earlier this week and will be participating in a conference call with the White House to strategize about how to make sure this disgraceful farm bill doesn’t see the light of day.
Here is an excerpt from Dr. Brough’s piece.
Despite a record $175.5 billion in crop production, with the price of all major crops continuing to rise, Congress is seeking to expand subsidies for farmers. In fact, the bill now pending in Congress would allow married couples with an adjusted gross income of $1.5 million to receive subsidies from the government, and even individuals who are not full-time farmers would be eligible for subsidies with an adjusted gross income of $500,000! The White House has suggested a lower cap of $200,000, which is still more than four times the median household income in the United States.
Tags: farm bill