“Thousands of the nation’s richest farmers would lose their government subsidies under a Bush administration plan to curb farm spending.
Proposals released Wednesday would cut spending by $18 billion over the next five years. They represent President Bush’s vision of a new farm bill.
Anyone making more than $200,000 in adjusted gross income would be cut off from farm payments under Bush’s plan.
These producers, about 80,000 in all, are among the top 2.3 percent of taxpayers, officials said.
For those who are eligible, the ceiling on payments would still be $360,000.”
Hopefully, this for real.