Statements

TCS Statement on Senate Passage of 2014 Farm Bill Conference Report

TCS RSS Feed RSS
February 04, 2014
Programs: Agriculture

View/Download this article in pdf format

Washington, DC - Today, the Senate passed a trillion dollar farm bill that increases special interest subsidies for one of the most profitable sectors of our economy while turning a blind eye to our country’s more than $17 trillion national debt. The Agricultural Act of 2014 expands the government’s role in agriculture, picks winners and losers, hides the names of lawmakers and Cabinet Secretaries receiving taxpayer subsidies, and guts provisions to rein in subsidies to city dwellers and other non-farmers.

With new, costly subsidies for everything from alfalfa to sheep and sushi rice, this nearly trillion dollar bill is not a legitimate bipartisan effort to rein in deficits but a Grade A example of wasteful Washington log-rolling.  It is expected to cost 50 percent more than the last farm bill, will increase the deficit in Fiscal Year 2014, and puts off nearly two-thirds of the paltry $16.6 billion in deficit reduction until after Fiscal Year 2018, when this bill will have expired. Because the Agricultural Act of 2014 continues outdated direct payment subsidies under another name (“transition assistance”), creates new agribusiness income entitlements, and increases spending on the unlimited crop insurance income entitlement, it should have been rejected outright.

Taxpayers deserve a more cost-effective, transparent, accountable, and responsive farm safety net. Taxpayers cannot afford for Congress to put off the hard decisions for yet another five years.





Filed under:

Discussion
Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 27, 2015

The Plane That’s Eating the Pentagon

You really want that sports car, or a Mercedes, or a vacation, or a big new house, or some other fancy but... Read More

Our Take

TCS Analysis of President’s FY2016 Budget

February 02, 2015

Weekly Wastebasket

The Plane That’s Eating the Pentagon

February 27, 2015

Letters & Testimony

Fiscal Conservatrives Urge Adherence to Budget Control Act

February 27, 2015

Letters & Testimony

Letter to DOE: Cut Funding for CCS Projects, Like FutureGen

February 27, 2015

Our Take

Upcoming Administrative Actions on Methane

February 26, 2015