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Senate Votes on Paul Amendment to Farm Bill

Would restrict benefits to those with an adjusted gross income of $250,000 or less

Jun 19, 2012

WASHINGTON, D.C. - The U.S. Senate today voted on a series of amendments to the 2012 Farm Bill, including an amendment introduced by Sen. Rand Paul that would limit payments and benefits listed in the bill to those entities with an adjusted gross income (AGI) of $250,000 or less.

The amendment failed, with a vote of 15-84.

Prior to the vote, Sen. Paul spoke on the Senate floor to urge his colleagues to support his amendment.

CLICK HERE TO WATCH SEN. PAUL DISCUSS HIS AMENDMENT

TRANSCRIPT:

This amendment will limit all payments or all farm subsidies to all Americans with an adjusted gross income of less than $250,000. My friends across the aisle are commonly saying why don't those of means pay more or receive less? This amendment would do precisely that.

Nine percent of farmers earn more than $250,000 worth of gross income. This would limit their payments. Currently nine percent of farmers are receiving nearly a third of the benefits.

A good question for the Senate might be, what do Scottie Pippen, Larry Flynt, and David Rockefeller have in common? The answer would be that besides being very rich, they've all gotten farm subsidies in the past.

 

I think this should change and that the wealthy shouldn't be receiving farm subsidies. This amendment would get rid of this. And I yield back the remainder of my time and encourage the senators to support this amendment.

 

BACKGROUND: The Farm Bill should not subsidize wealthy landowners and distort the market for land and food. The Paul amendment would ensure the bill only provides limited, means-tested assistance to aid family farmers in times of uncertainty or catastrophe. Furthermore, the amendment will not impact the majority of covered farms. About 91 percent of farms have an AGI less than or equal to $250,000 and collect about 71 percent of commodity payments. Farms with an AGI of more than $250,000 collect 29 percent of commodity payments and represent 9 percent of farms nationwide.

CBO has scored the amendment as saving $7 billion.

 

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Contact Senator Rand Paul at One of his Offices

Bowling Green - Main State Office
1029 State Street
Bowling Green, KY 42101
Phone: 270-782-8303

Owensboro
423 Federica St, Ste 305
Owensboro, KY 42301
Phone: 270-689-9085

Crescent Springs
541 Buttermilk Pk Ste 102
Crescent Springs, KY 41017
Phone: 859-426-0165

Lexington
771 Corporate Dr, Ste 105
Lexington, KY 40503
Phone: 859-219-2239

Louisville
600 Dr. Martin Luther King Jr. Pl,
Rm 1072B
Louisville, KY 40202
Phone: 502-582-5341

Hopkinsville
1100 S. Main St, Ste 12
Hopkinsville, KY 42240
Phone: 270-885-1212

Washington, DC
124 Russell Senate Office Building
Washington DC, 20510
Phone: 202-224-4343