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Agriculture Reform, Food, and Jobs Act Of 2012

Floor Speech

By: Rand Paul
By: Rand Paul
Date: June 19, 2012
Location: Washington, DC
Issues: Agriculture and Food

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Mr. PAUL. Mr. President, this amendment will limit all payments or all farm subsidies to persons 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 adjusted gross income. This would limit their payments. Currently, 9 percent of the farmers--who are the well-off 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 have all gotten farm subsidies in the past. I think this should change and that the wealthy should not be receiving farm subsidies. This amendment would get rid of this.

I yield back the remainder of my time and encourage Senators to support this amendment.

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