Monday, May 19, 2008

Obama like the rich farmers

Some tidbits in the farm bill that Obama likes:

'Subsidies for rich farmers: Farmers would be eligible for government subsidy payments if their incomes were as high as $1.5 million if married, and up to $750,000 if single. We had a big fight with Congress last year over whether families with income of 3 times the poverty level should receive taxpayer-subsidized health insurance. This bill would subsidize amarried farming couple with income more than 107 times the poverty level (which is $14,000 for a couple). Put another way, such a couple would be in the top 0.2Publish Post% of the income distribution. You would be subsidizing their business with your income taxes.

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