The Briefing Room

General Category => Politics/Government => Topic started by: corbe on May 15, 2019, 06:05:56 pm

Title: GOP senator pans Trump's aid to farmers as 'very bad policy'
Post by: corbe on May 15, 2019, 06:05:56 pm

GOP senator pans Trump's aid to farmers as 'very bad policy'

By Alexander Bolton - 05/15/19 11:46 AM EDT  

Sen. Pat Toomey (R-Pa.), a leading member of the Senate Finance Committee, is warning that President Trump’s plan to provide $15 billion in assistance to farmers hurt by the escalating trade war with China is “very bad policy.”

“It’s a very bad policy,” he told a group of reporters in his office. “Think about what we’re doing. We’re inviting this retaliation that denies our farmers — the most productive farmers on the planet — the opportunity to sell their products overseas and then we say, ‘Don’t worry, we’ll have taxpayers send you some checks and make it OK.’ That’s a very bad approach."

Trump on Monday announced his administration will provide $15 billion in assistance to farmers hurt by the escalating trade war with China, which this week increased tariffs on $60 billion in American exports.

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https://thehill.com/homenews/senate/443816-toomey-pans-trumps-aid-to-farmers-as-very-bad-policy (https://thehill.com/homenews/senate/443816-toomey-pans-trumps-aid-to-farmers-as-very-bad-policy)

Title: Re: GOP senator pans Trump's aid to farmers as 'very bad policy'
Post by: Chosen Daughter on May 16, 2019, 12:42:01 am

Maybe small businesses affected could also get subsidies to account for increase in raw parts.  Metals and components.