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Farm Bill Veto

Posted on May 14, 2008

A friend at the White House emails me about the farm bill now being considered by Congress. An excerpt from the email:A few of us have been debating the question Which is the most important reason for the President s veto of this bill? Candidates include:Too much spending: The bill increases spending by almost $20 billion over the next ten years, at a time when net farm income is at an all-time high. Much of this additional spending is disguised by budget gimmicks that take advantage of formal scoring rules to hide real spending increases. New sugar program: The bill would make the gov...

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budget , taxes