The Senate Ag Committee has released its changes to the President’s “Big, Beautiful Bill.” Leaders say it will take a big bite out of spending, while making sure farmers have what they need.
Numbers released last night show the Senate Committee’s plan would save taxpayers $144 billion over the next 10 years. The House version claims to save $238 billion. Both versions would see a boost to reference prices, but the real differences come with the SNAP program. House leaders want states to share most of the program’s costs with the federal government. The Senate plan would be tiered based on previous error rates by the states.
Senate Ag Committee Chair John Bozeman calls his version the “best of both worlds,” saying the Senate’s cost-sharing measures would save around $53 billion alone. Many states over the last several years have posted large error rates within the SNAP program.
RFD-TV Farm Legal and Taxation expert, Roger McEowen, with the Washburn School of Law, joined us Monday to break down the changes and explain what producers should know.
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