Agricultural News
Oklahoma Senator Offers Amendments To 2012 Farm Bill for Floor Consideration
Thu, 07 Jun 2012 15:41:10 CDT
Oklahoma's junior Senator, Dr. Tom Coburn, greeted this morning's overwhelmingly positive vote to move the 2012 Farm Bill to the Senate floor by offering three amendments to the measure.
Coburn's first amendment, 2186, was coauthored with Majority Whip Dick Durbin (D-IL). This amendment would reduce the level of federal premium support for crop insurance participants with an Adjusted Gross Income (AGI) over $750,000 by 15 percentage points for all buy-up policies beyond catastrophic coverage. The Congressional Budget Office (CBO) estimates this amendment would save more than $1.2 billion dollars over ten years.
The second amendment, 2214, would prohibit the use of public funds for political party conventions and would require the return of previously distributed funds to the Treasury for deficit reduction. Coburn had introduced this same legislation earlier this week as a stand-alone bill, SB 3257.
The third amendment offered by Coburn, 2225, would prohibit federal tax cheats from receiving federal farm subsidies. This amendment would prohibit any federal farm assistance, including farm subsidies, loans, grants and other forms of assistance, from being provided to individuals and entities that are seriously delinquent in their tax debt to the United States Treasury.
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