Bush seeks to cut farm program funds
Trying to tighten the federal budget, the Bush administration on Wednesday proposed to reduce farm spending by $18 billion over the next five years.
…The administration is seeking to eliminate farm payments for wealthy producers, limiting subsidy payments to those making less than $200,000 in adjusted gross income annually. The current income cap is $2.5 million.
That would rule out payments for about 80,000 producers who currently are eligible, officials said. Those producers collect about 4.5 percent of overall farm payments. The limit on payments would save an estimated $1.5 billion over 10 years
If the GOP wants to court moderates like me they can roll out a long list of these kinds of adjustments that focus federal assistance where it is needed and away from handouts to campaign donors. If they really want to win my heart they should stake their credibility and reputations on simplifying the tax codes to eliminate the temptation to game the system and pervert the efficiency of the free markets.
Born 1950, Married, Living in Austin Texas, Semi
Retired Small Business owner and investor. My political interest
evolved out of his business experience that the best decisions come out of an objective gathering of information and a pragmatic consideration of costs and benefits. I am interested in promoting Centrist candidates and Policies. My posts are mostly about people and policies that I believe are part of the solution rather the problem.