Farm Bill Spending Up 49 Percent


by Cato Institute on Jan 29, 2014 | Views: 61 | Score: 0
Sources: cato.org
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Cato Institute
Cato Institute on Jan 29, 2014 8:55 PM said:

The House of Representatives has officially passed a $956 billion farm bill. The farm bill trims $16.5 billion from expected spending of $956 billion over the decade, just 1.7%. However, the 2014 farm bill is not a cut when compared to the 2008 farm bill, which was projected to cost $640 billion over 10 years. That's a 49% spending increase.