February 27, 2020

Farm Bill; Ag Economy; Food Labels; Trade; and Political Note

Farm Bill Issues: Senate Budget Action

Josiah Ryan reported today at The Hill’s Floor Action Blog that, “An amendment offered by Sen. Tom Coburn (R-Okla.) to prohibit payments of subsidies to persons with an average income over $1 million, cleared the Senate Thursday night by a vote of 84-15.

“Coburn argued forcefully to his colleagues, who were seated at their desks for the series of rapid-fire votes, that such payments from a government that is running in the red were preposterous.

“‘We had 2,705 people in this country who had adjusted gross incomes in excess of $2.5 million last year who got farm payments,’ said Coburn. ‘[R]ather than taxing millionaires, the first thing we ought to do is quit giving them subsidies.’”