Pursuit's Take
In recent years, the government’s costs for the crop insurance program have increased substantially. GAO was asked to examine the potential effects of reducing premium subsidies for the highest income crop insurance participants.
If premium subsidies had been reduced by 15 percentage points for the highest income participants from 2009 through 2013, the federal government would have saved more than $70 million over the 5-year period.
Media Coverage
Free Beacon: Federal Crop Subsidies Went to Billionaires
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