2007 Farm Bill still stalled — current law to be extended for a week
With negotiations stalled on the 2007 Farm Bill, President Bush is expected to sign a one-week extension of the current law so that lawmakers and the Administration can try to resolve issues. Without that extension, farm programs would revert to a 1949 law that would increase even more the huge subsidies farmers receive.
The major contentious issues between the Administration and Congress are the funding of the $286 billion package over five years and high income limits — $2.5 million in adjusted gross income — for farmers eligible to receive subsidies.
Check out CEI’s video “Farming for Dollars” on how the farm bill hurts consumers, taxpayers, and the poor.