FARM BILL: Senate, House Reaches Agreement
The US House and Senate have finally reached an agreement on a new farm bill.
The deal was announced Monday evening and ends two years of fighting over the bill that was supposed to be passed before December 2012.
The bill makes cuts to the food stamp program of up to $90 a month for 850,000 recipients. The $8-billion being trimmed over 10 years isn’t as much as the $39 billion Republicans wanted.
The measure passed in both the House and Senate Ag committees Monday.
Sen. Grassley wasn’t pleased with the outcome saying, “It’s bad for taxpayers who are worried about the debt, it’s bad for our credibility with trading partners, and it’s bad for the future of farm programs.”
Grassley added, “A select few are allowing the farm program to be exploited by putting wealthy, so-called farmers ahead of small- and medium-sized farms and young and beginning farmers. This is an example of why Congress has a 12 percent approval rating.”
The bill must make it through the full House and Senate before it heads to the president’s desk.