Tags: Agriculture | Bill | 40Billion | savings

Ag Bill Touted as Saving $40B Over 10 Years

Saturday, 15 Oct 2011 02:04 PM

By Gary Cohen

A pair of Indiana Republicans from both sides of Capitol Hill are proposing a farming measure which nearly doubles a deficit savings plan championed by GOP and Democratic members of the House and Senate Agriculture Committees, as reported in The Hill.

agriculture, bill, supercommittee, deficitSenator Dick Lugar and fellow Indiana legislator Rep. Marlin Stutzman are looking for the supercommittee charged with cutting the deficit to take a look at their "Rural Economic Farm and Ranch Sustainability and Hunger Act.

Lugar and Stutzman say their agriculture reform measure would save $40 billion over 10 years.

That is nearly two times the $23 billion savings plan which Republican and Democratic leaders favor on the Agriculture Committees on both sides of the Hill.

A congressional aide says Lugar and Stutzman will be sending a letter this coming week to the supercommittee outlining the details of their bill.

They say their plan "reforms and eliminates farm subsidies by providing a genuine safety net for all producers" and makes "sensible conservation reforms that save an estimated $11 billion over 10 years."

Lugar and Stutzman also say their measure would "close loopholes and eliminate government overlap in federal nutrition programs, saving $14 billion over ten years and cutting 2 percent from nutrition program spending."

They also point out in their letter the measure would "create rural jobs in new and renewable energy" while at the same time invest in agricultural research.

"We look forward to working with you, as well as the rest of the members of the Joint Select Committee on Deficit Reduction, to eliminate outdated and unnecessary programs, provide a cost-effective safety net, and save taxpayer dollars," they include in their letter.

House and Senate Agriculture Committee members are expecting to submit their own recommendations to the supercommitte in the coming week as well, according to a congressional aide.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved