The president's solution has been straightforward: he'srepeatedly directedbillions of dollarsto farmers, and as theNew York Timesreportstoday, "government money is flowing faster than ever" now that Trump needs farmers' electoral support. Federal payments to farmers are projected to hit a record $...
“‘Trump money’ is what we call it,’ Missouri farmer Robert Henrytold NPRof the taxpayer-funded subsidies sent to him and other farmers by the Department of Agriculture. Farm subsidies have now hit a 14-year high after theUSDAsent out payments of approximately $16 billion in aid in 201...
President Trump has pledged a US$12 billion emergency bailout package for US farmers hit by escalating trade disputes. Much of the aid will be directed towards payments to farmers of soybeans, sorghum and wheat. The US also plans to buy crops like fruit and nuts where they will be distribu...
The U.S. government has announced $4.7 billion in direct payments to American farmers, as part of its previously-announced strategy for mitigating the effects of President Donald Trump’s trade disputes, in particular the spat with China. But some farmers on the receiving end of the aid are ...
The payments were the handiwork of the USDA’s Commodity Credit Corporation, an agency that is authorized to borrow from the U.S. Treasury to stabilize America’s farm economy. “President Trump has great affection for America’s farmers and ranchers. He knows that they’re fighting the ...
The Trump administration should have handled the disaster assistance relief fund better. Some of the payments meant for farmers went to wealthy recipients worldwide. This mismanagement not only undermined the fund’s intended purpose but also raised serious questions about the administration’...
“Congress approved these investments and they are not optional; they are the law," he said in a statement. "It will mean missed payrolls and rent payments and everything in between: chaos for everything from universities to non-profit charities.”...
When California and New York imposed ever-higher tax rates, the sting of those bad policies was lessened because taxpayers (especially rich taxpayers) could use those tax payments as a deduction when figuring out their federal tax bills. In effect, some of the tax burden was being shifted to...
Trump administration officials say the aid, expected to take effect in September, is aimed at helping farmers bear the brunt of “illegal retaliation” by China and other trading partners of the US. The payments will be calculated after the affected goods are harvested, and will be available in...
“Republicans want to support our farmers, pay for disaster relief, and set our country up for success in 2025,” Trump and Vance said in the statement. “The only way to do that is with a temporary funding bill WITHOUT DEMOCRAT GIVEAWAYS combined with an increase in the debt ceiling. An...