Obama not allowed to cut farm subsidies
US President Obama’s proposal to cut farm subsidies has been rejected by the US House of Representatives Agriculture Commission. Obama planned to cut down the subsidies for farmers with an annual turn over of more than US$500,000.
According to the Commission, such a plan can only be executed during the next Farm Bill, in 2012.
Republic Representative on the Commission, Frank Lucas, says the proposal that could save US$10 billion was “ill-conceived” and “ridiculous”.
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