Farm subsidies face $30B hit under GOP plan
MINNEAPOLIS (AP) – The head of the House Budget Committee wants to cut agriculture subsidies by $30 billion over 10 years as part of a broad effort to slash federal spending. But it remains to be seen whether his ideas go anywhere.
A $3.5 trillion budget plan put forward by Wisconsin Republican Paul Ryan has grabbed headlines because of its proposed revamps of Medicare and Medicaid. But it would cut a wide range of federal programs.
The plan awaits a floor vote in the House and has no chance in the Senate. Still, it’s framing the budget debate.
House Agriculture Committee Chairman Frank Lucas commends Ryan for a “first serious step.” But he says Ryan’s proposals “are simply suggestions.”
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