January 25, 2020

Budget- Policy Issues; Farm Bill; Ag Economy; and, CFTC

Budget (Sequestration)- Policy Issues

Alan K. Ota reported yesterday at Roll Call Online that, “The Senate is expected to defeat Thursday competing Democratic and Republican alternatives to the $85.3 billion in automatic spending cuts scheduled to begin Friday.

“Majority Leader Harry Reid, D-Nev., proposes to replace the percentage cuts imposed by a provision of the 2011 debt limit agreement with a package of revenue increases and alternative savings [Congressional Budget Office score of this plan available here, while a more detailed discussion of the specific agricultural provisions of this package from the National Sustainable Agriculture Coalition (NSAC) can be found here].

“Senate Republicans settled late Wednesday on a sequester substitute that would give President Barack Obama until March 15 to send Congress an alternative package of targeted spending cuts. Lawmakers could block the president’s plan only by adopting within seven days a resolution of disapproval that would require Obama’s signature or the support of a veto-proof majority.”

The NSAC noted yesterday that, “Unlike the Democratic plan, the GOP plan would not address the Farm Bill.”