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Yesterday, Congress passed H.R. 1106, the Helping Families Save Their Homes Act. Supporters hope this legislation will restore liquidity in the housing market and assist those homeowners who are in foreclosure. While this is a lofty goal, the bill just passed may not achieve it.
President Obama’s budget proposes repealing certain farm subsidies and capping direct payments to high-income producers — two ideas that met Thursday with quick resistance from some farm-state Democrats and Republicans.
WASHINGTON — U.S. Rep. Frank Lucas on Thursday accused President Barack Obama of not understanding how important rural communities are to the nation's economy by proposing an end to direct payments to farmers.
WASHINGTON — U.S. Rep. Frank Lucas on Thursday accused President Barack Obama of not understanding how important rural communities are to the nation's economy by proposing an end to direct payments to farmers.
According to the Obama administration, however, the proposal would not end such payments for all but would phase them out over three years for the largest farms.
U.S. Rep. Frank Lucas says at a time of economic crisis and falling commodity prices, President Barack Obama’s proposals to cut some government subsidies to farmers show a lack of understanding about the agricultural industry.
WASHINGTON — President Barack Obama’s first budget would cut payments to some farmers and raise taxes on oil and gas companies.
The proposals — most of which would have to be approved by Congress — drew swift reaction from members of Oklahoma’s congressional delegation and industry groups.
Top Democrats and Republicans are already shooting down President Obama's plan to cut farm subsidies, dealing a blow to one of the cost-savings promises he laid out in his congressional address Tuesday night.
WASHINGTON — The Democratic-controlled House approved $410 billion legislation Wednesday that boosted domestic spending programs.
The vote was 245-178, largely along party lines.
Oklahomans in the House voted 4-1 against the measure, which includes more than $14 million for projects in northeastern Oklahoma.
Washington, DC - Congressman Frank Lucas says President Barack Obama (web | news | bio) 's proposal to cut some government payments to farmers shows a lack of understanding of the Agriculture (web | news) industry.
During a speech to a joint session of Congress this week Obama proposed eliminating subsidies paid to farmers regardless of crop prices or yield.