(1) on September 30, 2012, the final day of the 2012 fiscal year, the total public debt outstanding equaled more than $16,000,000,000,000;CommentsClose CommentsPermalink
(2) the Congressional Budget Office projects that under law in effect as of the date of enactment of this Act, the budget deficit for fiscal year 2013 will be $845,000,000,000;CommentsClose CommentsPermalink
(5) direct payments that are set based on historical acreage and yield are payable even to people who do not farm and to agricultural producers who do not grow the covered commodity for which the direct payments are made;CommentsClose CommentsPermalink
(6)(A) direct payments are paid to producers on less than 22 percent of all farms in the United States and only for a select number of commodities;CommentsClose CommentsPermalink
(B) among producers on farms that receive direct payments, the payments are concentrated among producers on the largest farm operations, which are those least likely to need support;CommentsClose CommentsPermalink
(A) S. 3240 (112th Congress), the Agriculture Reform, Food, and Jobs Act of 2012, which passed the Senate on June 21, 2012; andCommentsClose CommentsPermalink
(B) H.R. 6083 (112th Congress), the Federal Agriculture Reform and Risk Management Act of 2012, which was reported by the Committee on Agriculture of the House of Representatives on September 13, 2012.CommentsClose CommentsPermalink
(b) Application of Amendments- Notwithstanding section 701 of the American Taxpayer Relief Act of 2012 (Public Law 112-240; 126 Stat. 2362), the amendments made by this section shall apply beginning with the 2013 crop year.CommentsClose CommentsPermalink
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