News
Latest News
March 6 (Bloomberg) -- Two U.S. lawmakers want to create a regulatory panel that would be able to suspend accounting rules such as the fair-value standard that financial companies have blamed for worsening the global credit crisis.
Washington, DC - Today, Congressman Frank Lucas stood up for the American taxpayer by voting against a $275 billion housing bill that would reward irresponsible home buyers with taxpayer money. The controversial program has been panned by financial experts as well as many Americans.
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.
Washington, DC - Ranking Member Frank Lucas opposes President Obama’s budget proposal that calls for eliminating direct payments to farmers with more than $500,000 in annual sales. The President’s $3.5 trillion budget plan also calls for the elimination of cotton storage payments, a reduction in subsidies for crop insurance, and a funding cut for the Market Access Program that
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 — 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.