Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
01-29-2014, 12:57 PM #1
House passes farm bill preserving crop subsidies, slightly curbing food stamps
House passes farm bill preserving crop subsidies, slightly curbing food stamps
Published January 29, 2014 FoxNews.com
The House on Wednesday approved a nearly $100 billion-a-year farm bill that would make small reductions in the growth of food stamp spending while continuing generous subsidies for the nation's farmers.
The vote was 251-166. The five-year bill now goes to the Senate for final approval.
Leaders scheduled a quick vote after the nearly 1,000-page bill was introduced Monday, giving opponents little time to build opposition.
Agriculture Committee chairman, Rep. Frank Lucas, R-Okla., and Senate Agriculture Chairwoman Debbie Stabenow, D-Mich., have spent the past two years crafting a bill to appeal to members from all regions of the country, including a boost in money for crop insurance popular in the Midwest; higher rice and peanut subsidies for Southern farmers; and renewal of federal land payments for Western states.
Some House conservatives were not happy with the new bill. They originally wanted to dial back food stamp spending by $4 billion a year; the new bill cuts $800 million a year -- which represents about 1 percent of the $80 billion-a-year program.
The final food stamp savings are generated by ending a practice in some states of boosting individual food stamp benefits by giving people a minimal amount of federal heating assistance they don't need. The cuts were brought down to $800 million a year to come closer to the Senate version of the bill, which had $400 million in annual food stamp cuts. The House bill passed in September would have cut $4 billion a year.
The legislation would also eliminate a $4.5 billion-a-year farm subsidy called direct payments, which are paid to farmers whether they farm or not. The bill would continue to heavily subsidize major crops -- corn, soybeans, wheat, rice and cotton -- while shifting many of those subsidies toward more politically defensible insurance programs. That means farmers would have to incur losses before they received a payout.
The bill would save around $1.65 billion annually overall, according to the Congressional Budget Office. The amount was less than the $2.3 billion annual savings the agriculture committees originally projected for the bill.
http://www.foxnews.com/politics/2014...cmp=latestnews
NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
Michigan Republicans want to ban sanctuary cities after homicide
03-29-2024, 07:19 AM in illegal immigration News Stories & Reports