Plan to Cut Farm Subsidies Likely DeadPresident Barack Obama faces long odds in his latest effort to cut subsidies for wealthy farmers.
By: Associated Press, WDAZ
MINNEAPOLIS (AP) - President Barack Obama faces long odds in his
latest effort to cut subsidies for wealthy farmers.
Farm state lawmakers largely control agriculture committees, and
attempts at subsidy reform have failed in recent years. The 2008
Farm Bill placed some income limits on recipients of subsidies, but
critics such as Environmental Working Group President Ken Cook
dismiss that legislation as "phony reform."
Critics of farm subsidies say soaring deficits and
anti-Washington sentiment could force Capitol Hill to revisit
The Obama administration says its proposed subsidy cuts would
save $2.3 billion over 10 years. But the Democratic leaders of both
House and Senate agriculture committees oppose significant changes
to existing legislation.