January 31, 2007

WHAT ABOUT THE STEEL TARIFFS?:

Bush Seeks Less Money for Farm Programs (Greg Hitt, 1/31/07, WSJ: Washington Wire)

Plowing into the sensitive political debate over farm policy, the Bush administration is proposing to lift spending on conservation initiatives but trim the commodity subsidies that support farm production. The plan, to be unveiled today by Agriculture Secretary Mike Johanns, is designed to pull agriculture spending $10 billion below the controversial farm program adopted in 2002. [...]

The more market-oriented program will undoubtedly spark sharp debate in the Democratic-led Congress, where lawmakers are gearing up to overhaul the 2002 program. The new program will be touted as consistent with President Bush's call to eliminate the federal deficit. But in taking on the politically sensitive subsidy issue, the Bush administration is also making an effort to signal a new seriousness in the Doha Round of global trade talks, bringing domestic programs in closer alignment with the course of negotiations.


Posted by Orrin Judd at January 31, 2007 11:15 AM
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