Farm Bill: EWG on the Proposed $500,000 AGI
Our preference is for the original administration proposal combined with the payment limits in the Dorgan-Grassley Amendment. This latest proposal is better than current law or the sham reforms that passed the House and Senate. But a $500,000 AGI alone will do little to keep rich people from receiving hundreds of thousands of dollars in federal farm subsidies every year for the next five years. In terms of directing help to those who need it most, it doesn’t compare very favorably with the recently enacted economic stimulus package that cuts off a one-time tax rebate of $1,200 to married couples with an AGI of $150,000.
Ken Cook, president of the Environmental Working Group.
Comments
I do not understand why you list one line of income for the farmer( Subsidy) and do not tell the bottom line of the farm. Doing that would compare the individual AGI to the AGI of the county. The impression left a reader is then based on incomplete information. You also list the # of children below the poverty line, but do not list the total goverment assistence given to the children in that county.Why the # of children below poverty is listed I am guessing is to compare the subsity level of each group. Information is lacking. Rick Mannis
Posted by: Richard Mannis | March 19, 2008 12:21 PM
hi-- i am a senior econ major at vanderbilt university. im writing a paper on farm subsidies and i was wondering if you have a chart of what commodity prices would be before and after the subsidies..? or any other suggestions would be wonderful. thanks!
Posted by: Jillian Pratt | March 20, 2008 11:52 AM