Fights over farm bill funding have once again ensnarled the federal government’s nonpartisan economic analysis office. Keep reading to learn what that could mean for the $1.5 trillion farm bill.
The Congressional Budget Office, which provides objective economic analysis of proposed legislation, on Tuesday predicted spending by a key federal program would fall far below the levels House Republicans were eyeing as a “pay-for” to fund their farm bill proposals.
House Republican staffers estimate they could rededicate more than $50 billion to commodity support programs in the farm bill by eliminating the Commodity Credit Corporation’s discretionary spending ability. While the ...