Monday, March 4, 2013

Corporate welfare, big Ag style

Although this legislation was passed last summer, my guess is that many people aren't aware of it.  So, here's a link to a post over at Americans for Tax Reform blasting the most recent version of that great American past time, corporate welfare for Big Agriculture.  ATR gets straight to the point with this blistering opening paragraph:
...Debbie Stabenow’s (D-Mich.) farm bill passed in the Senate on Thursday with a vote of 64-35. The proposed bill fails to reform certain programs like sugar, makes other wasteful programs like dairy even worse, and creates a whole new entitlement program for farmers, while spending 60 percent more than the last farm bill and only cutting a paltry $23 billion from the deficit over the next ten years. This farm bill will leave a wide path of destruction behind it: consumer prices will increase, costly entitlement programs will bloat, and market distortions will continue to run wild.
You can find the entire article here. (HT: Crony Chronicles).