May 13, 2011

MEANS TESTER IN CHIEF:

Obama calls for "revamping" of farm support system, possible income caps for subsidies (Lucy Madison , 5/12/11, CBS News)

President Obama said in a CBS News' town hall meeting on the economy on Wednesday that it may be time to put an income cap on farm subsidies in order to ensure governmental assistance isn't being funneled to big agri-businesses that don't need them. [...]

"It may start just modestly by, for example, limiting those subsidies to what is a genuine family farm," Mr. Obama told Harsh. "You know, which would put some sort of income cap on whether or not you qualify for this kind of subsidy."


Modestly, but a precedent.

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Posted by at May 13, 2011 5:56 AM
  

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