Tuesday, February 28, 2012

President Obama's 2013 Budget Draws Fire From Agriculture Posted by Cowboy Byte Feb. 15, 2012

Obama budget draws fire from agriculture

Print Friendly
Agriculture funding is not getting a fair shake in the President’s proposed 2013 budget, according to U.S. farm proponents. In the budget released Monday, President Obama proposed slashing agriculture subsidies by $32 billion over the next decade, just as Congress is getting set to create the new U.S. 2012 Farm Bill.
Obama’s plan includes eliminating the $5 billion a year in direct payment to farmers, an idea that has support among U.S. lawmakers, according to Reuters. In negotiations last fall, U.S. Senate and House agriculture committees identified $23 billion in proposed savings over 10 years.
Obama’s proposed 2013 budget is seen by some as unsupportive to agriculture- one of the top performing sectors in a struggling U.S. economy. “The President’s budget demonstrates that neither rural America nor fiscal discipline is a priority for this administration,” said Rep. Frank Lucas, R Okla., Chairman of the House Agriculture Committee. “Raising taxes on small businesses and ignoring the real drivers of trillion dollar deficits is a failure of leadership.”

No comments: