Political Quotes

On the recordMay 23, 2013
I thank the chairwoman. She made a commitment to hold a vote on this amendment on Monday evening, and she has sought mightily to keep her word, and I very much appreciate that. This amendment is, to my view, about common sense. Tobacco is not just another crop; it causes 443,000 deaths each year. It is the leading cause of preventable death in America. The CDC estimates that tobacco costs the American economy more than $200 billion each year in health care expenses and lost productivity. A recent study estimates that annual smoking-attributable expenditures add $22 billion each year to Medicaid's bottom line. In other words, Medicaid costs $22 billion more because of tobacco. In 2004, Congress approved nearly $10 billion--$9.6 billion, to be exact--in payments over the next 10 years to tobacco farmers and quota holders in exchange for ending the tobacco program. In addition to this $10 billion, tobacco farmers also received more than $276 million in taxpayer-funded crop insurance subsidies since 2004. That is what we are trying to change. Unlike crop insurance indemnities, the tobacco insurance subsidy is not based on losses. The government pays premium support subsidies year in and year out regardless of losses. In 2012, farmers received $37.4 million in subsidies; in 2011, $33 million; in 2010, $37.1 million; in 2009, $40.1 million.…
Said by
Dianne Feinstein
Democratic · California
Source
govinfo.gov
May 23, 2013

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