Friday, the Senate approved an amendment to a 2012 spending bill that ends direct payments to farmers with annual incomes exceeding $1 million.
Senator Tom Coburn (R-OK) stated in a press release that, "It is the height of hypocrisy for politicians to complain about tax rates for millionaires while ignoring spending programs for millionaires. Before raising taxes on the rich Congress should first stop spending money on the rich. Sending direct payments to farmers who make more than $1 million a year is a de facto tax increase on every middle and low-income family who doesn't receive this special benefit from Washington. I'm pleased that Senate accepted my amendment."
Senator Tom Harkin (D-IA) stated that the passage of the amendment, "gives you some idea of the overwhelming support in the United States Senate to do away with direct payments."
For more information, click here.
Posted 10/23/2011
