FarmPolicy

March 29, 2017

Farm Bill; Ag Economy; Budget Issues; Trade; Transportation; and CFTC

Budget Issues (Farm Bill): House Ag Committee Business Meeting on Budget Reconciliation Instructions

Reuters writer Emily Stephenson reported yesterday that, “A U.S. congressional panel approved about $33 billion in cuts over 10 years from food stamp benefits, in a largely symbolic and highly partisan vote opposed by committee Democrats and by anti-poverty groups.

The cuts advanced by the House of Representatives Agriculture Committee on Wednesday would reduce spending on food stamps that help 46 million people buy food by $7.7 billion in the first year, by $19.7 billion in five years, and the balance in the next five years.

The cuts are expected to die in the Democratic-controlled Senate. But the vote by voice underscored Republicans’ preference for domestic spending cuts over defense cuts or tax hikes as they try to avoid automatic cuts that take effect in January.”

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