Thomas A. Schatz, President CCAGW: President Bush has vetoed the bloated, special-interest Farm Bill. This is a victory for all taxpayers! Rather than assisting small family farms, federal agricultural policies overwhelmingly benefit the wealthiest farmers and mega-agribusinesses - at the expense of American taxpayers and consumers like you and meIf Congress overrides President Bush’s veto, the 2008 Farm Bill will continue to dole out direct payments to farmers without any regard to commodity prices or a farmer’s income. Sixty percent of these payments go to the wealthiest 10 percent of recipients. Married couples who farm and have adjusted gross income (AGI) of $1.5 million will continue to receive subsidies, as will people with AGI of $500,000 who are not even full-time farmers!
The bill also creates a new “permanent disaster fund” to the tune of $3.8 billion. A real disaster for taxpayers, most farmers, and the environment, such a fund will encourage planting on land that is prone to floods, droughts, and other catastrophes. Even more outrageous, most of these payments will go to the same farmers who already receive the bulk of the direct subsidy payments. . . . [Read More & Take Action]
Tags: Farm bill, gasoline prices, US Congress, President Bush, veto's farm bill, veto, Thomas A. Schatz, CCAGW To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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