Political Quotes

On the recordOctober 18, 2011
This is a straightforward amendment. We have had a lot of talk about millionaires in the country, but what most people don't realize is that there are a lot of farmers in this country whose adjusted gross income is well in excess of $1 million whom we are making direct payments to. What I would put forward is if you are making over $1 million, I don't think you need a lot of help from the Federal Government to be profitable. So what this amendment will do is it will put a limit of $1 million or greater from receiving direct payments from the Department of Agriculture. You could say somebody making $980,000, but we have chosen this. Right now it is supposedly $2.5 million adjusted gross income. What we have done is, of all the people who make more than $2.5 million, 75 percent of their income outside of the farming income comes from some other areas. In other words, this is not their main business. Their main business isn't farming. So if they make $2.5 million farming, and they make 75 percent more than that in other areas, again, I would say we should have trouble justifying to the American people that we are sending their tax dollars--actually, borrowed money that is going to be charged to their kids and grandkids--to those individuals. Of the 1.8 million people who received farm payments from 2003 to 2006, 2,702 of them exceeded the income limits that were established at that time, greater than $2.5 million.…
Said by
Tom Coburn
Republican · Oklahoma
Source
govinfo.gov
Oct 18, 2011

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