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TSCRA Daily News Update, May 2, 2008
President Bush weighs in on farm bill costs, lack of progress In a press conference held April 29, President Bush expressed continued frustration over the potential cost of the farm bill. He renewed his call for more significant changes in subsidy payment eligibility, especially for recipients with incomes of more than $200,000 per year. President Bush has threatened to veto the legislation if his Administration finds it too costly or lacking in free-market policy reforms. "Americans are concerned about rising food prices," Bush said. "Unfortunately, Congress is considering a massive, bloated farm bill that would do little to solve the problem."
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