Sunday, February 06, 2005

Best of Luck

I haven't been very complimentary to the Bush administration as of late but they certainly do deserve some credit for this. The money saved by reducing these subsidies is substantial - $500 million a year - if not large enough to affect the deficit, but more importantly this measure is targeted at large, generally corporate farms. Despite the claims of farm subsidy advocates, it is the largest farms in America - generally also the ones with the largest profit margins - which receive the largest subsidies, not small, struggling family farms. More power to Bush for taking a step in the right direction here.

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