Tuesday, October 23, 2012

Just in

The Hill: Farm Subsidies Could Get Pushed Off ‘Fiscal Cliff’

Washington--Farm subsidies could be a target if congressional lawmakers take action to avoid going over the “fiscal cliff,” according to The Hill’s On the Money blog.

The subsidies were among dozens of other budget items that might be on the chopping block based on: President Barack Obama’s budget proposal; discussions last year between Obama and House Speaker John Boehner (R-Ohio); the proposal from the Senate’s “Gang of Six;” the House’s sequestration bills; and the deficit talks led by Vice President Joe Biden.

“Lawmakers involved in the Biden group found $33 billion in cuts to farm subsidies and conservation programs, while the sequester alternative from House Democrats cuts $24 billion,” Erik Wasson wrote in the blog post.

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