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Thread: GAO to review Trump administration's $28 million farm bailout

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    GAO to review Trump administration's $28 million farm bailout

    https://thehill.com/homenews/adminis...n-farm-bailout

    The U.S. Government Accountability Office (GAO) is opening a review into the Trump administrationís $28 billion bailout for farmers impacted by the U.S. trade wars.

    The investigation, first reported by The New York Times, was initially requested by Sen. Debbie Stabenow (D-Mich.), who has accused the administration of allocating more funds to southern states that voted for President Trump and favoring large and foreign companies over local farms.

    The subsidies are anticipated to end this year after the administration struck an initial deal with China to end Washington and Beijingís trade war.

    The program was initiated in 2018 as a $12 billion effort to help farmers who were hit with retaliatory tariffs from China and others involved in the trade wars, including the European Union, Canada and Mexico. The funds rose to $28 billion as the U.S. trade war with China worsened.

    The program allowed farmers making under $900,000 a year to receive funds if they produced one of the products that faced taxation from other countries. The government also agreed to purchase certain targeted products, including apples, oranges and pork.

    However, critics of the bailout say the program uses faulty formulas to determine allocated payments for certain goods and that it offers money to corporate farms.

    ďItís clear that the Trump administrationís trade assistance payments pick winners and losers rather than help the farmers who have been hit the hardest by this presidentís trade policies,Ē Stabenow told The Hill.

    The GAO is a nonpartisan congressional investigatory body that audits government programs. It alerted Stabenowís office of the investigation in a letter Thursday.



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