With farm bill defeat, Americans on hook for $147M a year to Brazilian cotton farmers

by
June 22, 2013

brazil_cotton
WASHINGTON – American taxpayers remain on the hook for millions of dollars to pay off Brazilian cotton farmers — one of the more bizarre, and costly, consequences of the House of Representatives’ failure to pass a massive farm bill on Thursday.

In a surprise defeat, the House on Thursday rejected the dense, 600-plus page bill. The bulk of the bill would have funded food stamps as well as a bundle of farm aid programs. But lawmakers were also hoping to use the legislation to resolve a long-running dispute between the United States and Brazil that is draining U.S. taxpayer dollars every year.

Specifically, the U.S. is paying the South American country $147 million annually. America has shelled out more than $4 billion to date to Brazil.

“I think the average taxpayer would be astounded if they knew how much we’re paying Brazil in bribe money,” said Rep. Ron Kind, D-Wis., who is trying to end what he describes as the “blackmail payments.”

The money being sent to Brazil is part of the international fallout stemming from U.S. government subsidies for domestic cotton farmers. The U.S. is one of the world’s largest cotton exporters and hands out $3 billion a year in subsidies.

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

?>

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.

Facebook Auto Publish Powered By : XYZScripts.com
Google Analytics Alternative