Quantcast
Connect with us

Trump shafted family farmers to give trade war bailouts to huge corporate farms instead: report

Published

on

President Donald Trump has tried to paper over the disaster his trade war has been causing for American farmers by issuing a $16 billion bailout, paying farmers for the work they lost due to the tariffs — meaning that he is effectively borrowing money from China to pay farmers not to sell their goods to China.

But Trump’s policy is even more disastrous than it looks on paper, according to a new report from the Environmental Working Group.

ADVERTISEMENT

Of the $16 billion in “Market Facilitation Payments” Trump’s Department of Agriculture appropriated, the group found, 54 percent of it went to just the top one-tenth of farms, with 82 farmers receiving at least $500,000 and many of the recipients actually living in large cities. Smaller family farms, meanwhile, have received very little, with the bottom 80 percent of farmers getting less than $5,000 each — and farmers of color have received almost nothing.

The USDA initially said it would cap payments at $125,000 — but in practice, Trump officials have allowed the richest farmers to get around that limit by having family members who do not do meaningful work on the farm apply for their own payments, double-dipping again and again.

And the next round of payments could be even more skewed. Agriculture Secretary Sonny Perdue has announced that unlike the previous rounds, which paid farmers by the bushel or bale of produce, farmers will now be paid by the acre — meaning that small farms will automatically get less than large farms even if they are more productive or lost more money.

Again and again, Trump has forced middle America to pay the cost of his policies — and now he is specifically victimizing middle America’s poor.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Shock after Trump mused about taking insulin in White House event: ‘What does he have to lose?’

Published

on

During a press conference today, President Trump rattled off a statement that left quiet a few people once again scratching their heads.

"I don't use insulin. Should I be? Huh?" Trump said. "I never thought about it. But I know a lot of people are very badly affected, right? Unbelievable."

https://twitter.com/atrupar/status/1265381045978968064

As expected, many of Trump's critics on Twitter wondered what he was talking about.

I support free will. Let him take as many drugs as he wants. I mean, what does he have to lose?

Continue Reading

Breaking Banner

WATCH: Trump wonders if he should start taking insulin

Published

on

On Tuesday, at a press conference, President Donald Trump mused aloud whether he should start taking insulin.

"I don’t use insulin. Should I be? Huh? I never thought about it," he said.

"But I know a lot of people are very badly affected, right?" he added a second later. "Unbelievable."

Insulin is a crucial hormone the regulates blood sugar. People who are afflicted with Type 1 diabetes are incapable of producing it in their pancreas, and thus must administer it to themselves regularly through injections or pumps.

Watch below:

Trump muses about using insulin just for fun pic.twitter.com/PWvEhEcmTM

Continue Reading
 

Breaking Banner

DOJ closes insider trading investigations against three senators — but is still investigating Richard Burr: report

Published

on

On Tuesday, The Wall Street Journal reported that Justice Department officials are closing insider trading investigations into three senators — Sens. Dianne Feinstein (D-CA), Kelly Loeffler (R-GA), and Jim Inhofe (R-OK).

However, a fourth probe, into insider trading allegations against Sen. Richard Burr (R-NC), is reportedly ongoing.

"The Federal Bureau of Investigation began the investigations two months ago, as reports emerged that several members of Congress, their spouses or their investment advisers sold hundreds of thousands of dollars in stock after lawmakers attended closed-door briefings about the threat posed by the new coronavirus," reported Aruna Viswanatha. "Some of those trades spared lawmakers as much as hundreds of thousands of dollars in losses as stocks sank by mid-March."

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image