News Date: 07/27/2010
Senate Agriculture Committee Chairwoman Blanche Lincoln has secured Senator Harry Reid’s agreement to attach an agricultural disaster aid package to the small business bill, which could reach the Senate floor as soon as today. The language being added is the same as what was proposed – and subsequently removed during reconciliation – from the Tax Extenders bill. The package proposed by Lincoln would give $1.1 billion in payments to producers that suffered crop losses in “primary” disaster areas, $300 million to producers of specialty crops and tens of millions to cotton seed handlers and livestock producers. The Congressional Budget Office reports that the small business bill would reduce the deficit by $1.1 billion over 10 years without the agriculture provisions. (Contact: Brad McKinney)
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