Bonus Subsidy

Wednesday, April 26, 2006

A new EWG analysis identifies more than 1.2 million prospective recipients of a proposed $1.5 billion crop subsidy bonus contained in HR 4939, The Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery of 2006. The analysis finds that the subsidy bonus, while well-intentioned as a means of helping farmers with high energy costs in 2005, is both unfair and wasteful, particularly since taxpayers provided a record $23 billion in farm subsidies in 2005, and U.S. net farm income last year was the second highest in history.

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