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FarmBill
Bush Vetoes Farm Bill
By Mark Impomeni - Politics DailyIn what is likely to prove an academic exercise, President Bush followed through on a threat and vetoed the recently passed 2008 Farm Bill. The $307 billion bill, officially titled the "Food, Conservation, and Energy Act of 2008," extends many of the incentive and subsidy programs established in the 2002 Farm Bill in an era of rising food prices and farming incomes. The president cited both in his veto message to Congress.At a time of high food prices and record farm income, this bill lacks program reform and fiscal discipline. It continues subsidies for the wealthy and increases farm bill ...
One Veto Threatened, One Threat Withdrawn
By Mark Impomeni - Politics DailyThe White House issued a statement late today saying that President Bush has decided to veto the 2008 Farm Bill if it makes it to his desk in its current form and recommended that Congress pass a one-year extension of current farm policy to bridge the gap until the next Congress and Administration can consider another bill. Almost at the same, the White House said that the president would withdraw his threat to veto an bill containing a provision that would stop the government from filling the nation's Strategic Petroleum Reserve in a bid to increase oil supply on the world market and lower ...
Subsidies Grow Bigger Down on the Farm
By Mark Impomeni - Politics DailyAmidst rising prices and record profits, Congress is set to pass a new round of subsidies and special protections for some of the largest corporations and richest people in the country worth close to $300 billion. But it is not a new energy bill loaded with tax breaks for oil companies, it's a new five-year Farm Bill containing direct payments and price supports for farmers who in many cases have seen their incomes skyrocket in recent years. The bill extends or increases many of the programs enacted in the 2002 version; but this time the White House is threatening a veto.President Bush ...
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