Agriculture subsidies benefit wealthy farmers at the expense of middle class Americans
We haven't discussed agriculture subsidies much here at Warren Reports. This Washington Post piece is interesting. Federal farm subsidies from price guarantees and other programs are going to the wealthiest farmers. Not only do these programs make little economic sense and undermine our position in international trade negotiations; they are a gross misallocation of badly needed resources. If Congressional Democrats are serious about re-establishing pay-as-you-go budgeting (which I hope they are), dramatically scaling back subsidies for wealthy farmers is one source of cuts to support proposed legislative programs.
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