Tag Archive: Agri-Business


Agribusiness Political Donations And Farm Bill Votes

 

 

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” When governments dispense privileges such as insurance subsidies, price supports, or protection from foreign competition, they create incentives for firms to invest large sums of money in obtaining and maintaining these privileges, as the farm bill demonstrates.

  The fact that members who ultimately voted for the bill received so much more than those who opposed it may indicate that interest groups prefer to donate to members who are likely to support their issue. This is known as the “political man” theory of interest group behavior. On the other hand, the pattern of giving may indicate that political donations actually affect the final votes that members cast. This is known as the “economic man” theory of interest group behavior. Economists and political scientists have studied these questions extensively, and the balance of evidence suggests that there is some truth to both theories: interest groups do tend to give to candidates that already agree with them, but they also give to candidates in order to sway their votes.

  The final farm bill is expected to cost taxpayers $956 billion over ten years, but the economic costs will be much larger. These costs include not just the explicit taxpayer subsidy and the money wasted in seeking these privileges but also the higher prices that consumers will pay for some food and the resulting misallocation of capital.”

 

 

THE 2013 FARM BILL

 

 

 

 

” The Farm Bill is currently moving through Congress, and it’s bigger and more bloated than ever. This year’s version will spend nearly a trillion dollars on broken food and farm welfare over the next decade. Unfortunately, Congress is poised to rubber-stamp this bloated welfare bill known as the Farm Bill.

Americans For Prosperity strongly encourages Capitol Hill to consider real reforms and meaningful savings to the 2013 Farm Bill.” 

 

 

Related articles :

 

Members of Congress Get Millions in Farm Subsidies

Rural Broadband Program in Farm Bill is Woefully Broken

No Farm Bill? No Problem

Update on the Farm Bill: Good News and Bad News

What savings? 2012 Farm Bill is agribusiness as usual (The Hill)

New farm bill: Welfare in disguise (POLITICO)

End direct payments to find spending savings (Real Clear Policy)

Farm Bill is Welfare Bill (Des Moines Register)

The Farm Bill is Bloated (Billings Gazette)

 

 

 

 

 

 

 

Morning Bell: A Bumper Crop of Food Stamps

 

” Where do food stamps come from?” 

 

Cartoon by Glenn Foden

 

 

” They come from taxpayers—certainly not from family farms. Yet the “farm” bill, a recurring subsidy-fest in Congress, is actually 80 percent food stamps and other government nutrition programs.

It has become the norm that Congress lumps billions—even trillions—of dollars in taxpayer-funded programs together into huge bills. This allows them to sneak in plenty of special-interest pork.”

 

 

 

Illustration by Glenn Foden

 

 

 

 

FreedomWorks On Tap “The Truth Behind The Farm Bill”

” This week’s episode of FreedomWorks On Tap “The Truth Behind The Farm Bill” Featured Austin Petersen (FreedomWorks Director of Productions & Editor of TheLibertarianRepublic.com), Josh Sewell (Senior Policy Analyst for Taxpayers for Common Sense), Drew White (Government Relations Deputy for Heritage Action for America), & Josh Withrow (FreedomWorks Legislative Affairs Manager).”

 

Coming 55% Death Tax To Threaten Over Half-Million Family Farms

 

 

 

 

 

 

 

 ” The infamous ‘death tax’ could come at an unbearable cost to millions of Americans that want to keep the family farm.  If your estate exceeds $1 million, your family might have to fork over 55% to the IRS …just because you passed on.  This tax is especially going to hit family farms and ranches, some of which might have been owned for generations.  The Examiner writes:

New legislation that jumps the death tax to 55 percent of estates exceeding $1 million threatens 526,421 family farms, of about 25 percent of all farms in America, according to a Senate analysis. ”

 

 Even as the left bemoans the loss of small business/family farms they continue to enact legislation that produces the exact result that they claim to abhor .

The Death Tax is the most obscene of all the government wealth confiscation schemes . All of the assets that comprise a decedent ‘s estate , whether it be cash savings , stocks/bonds , real estate , jewelry or anything else has already been taxed at least once and likely more than that . For the government to reach into the coffin and take half of the deceased ‘s hard earned belongings is the ultimate indecency .

 

 

Illustration By Michael Ramirez