FarmPolicy

October 18, 2018

Budget; Farm Bill; Ag Economy; and; Regulations (CFTC)

Budget- Payroll Tax- Transportation

Damian Paletta reported in today’s Wall Street Journal that, “President Barack Obama’s budget proposal Monday will offer several measures to trim the federal deficit in the next 10 years. But it would leave largely unchanged the biggest drivers of future government spending: the Medicare, Medicaid and Social Security programs that are expanding rapidly as the baby boom turns into a senior boom.

“Calling for major changes in the popular programs would be politically treacherous in an election year because of fierce opposition from seniors, who vote in large numbers. But budget experts of both parties agree the programs’ growth must be curbed at some point or they will swamp the budget.”

David Rogers reported last night at Politico that, “The next few weeks will tell a lot as President Barack Obama rolls out his 2013 budget Monday, and, hard on its heels, a House-Senate conference must come up with some answers on the payroll tax holiday — or see it expire Feb. 29.”

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