Madam Chair, much attention has been paid to making significant cuts in Federal spending. The first step in addressing the massive public debt that has accumulated, I would submit, is that all areas of spending need to be on the table. This includes spending on farm subsidies. We've already talked a lot about this today. Over the last 15 years, almost three-quarters of farm payments have gone to just 10 percent of producers. The bottom 80 percent of recipients account for slightly more than a tenth of that money. Under current law, recipients are entitled to receive farm subsidies so long as their adjusted gross income, or AGI, is less than $500,000 in nonfarm AGI and $750,000 in farm AGI. {time} 1050 Thus, you can have an adjusted gross income of slightly less than $1.25 million and still ask taxpayers to foot the bill for your Federal agriculture payment. Let me say that again. You can have an adjusted gross income of $1.25 million, adjusted gross income, and still go to the trough here and ask the taxpayers for farm subsidy payments. I would ask anyone, how can they explain why a family earning more than $1 million a year needs to receive a check from the government? This amendment would lower that income limit to be eligible to receive farm payments from $1.25 million to $250,000 in adjusted gross income. I think a farmer has done well if they clear $250,000. I think it's wonderful if they do that. They should try to take a day off from their hard work if they do.…
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Just look at what has happened. The attorney general has been fired. And oversight for the investigation has been taken from the deputy attorney general where it belonged.





