Guest guest Posted June 23, 2004 Report Share Posted June 23, 2004 americanprogress.com CORPORATE – SMOKING OUT THE MYTH OF THE SMALL FARMER: Think the big tobacco buyout was designed to help small farmers? Think again. The WP reports this morning, " More than two-thirds of the $9.6 billion tobacco-grower buyout approved by the House would go to only 10% of the people and companies eligible for any compensation, according to a study by the nonprofit Environmental Working Group. " In fact, the study shows " the overwhelming majority of recipients -- 354,000 of the 437,000 eligible -- would collect only $1,000 a year over five years. " The bill which approved the buyout passed the House without debate; according to Ken Cook, head of the Environmental Working Group – who obtained the information this study is based on through a Freedom of Information Act – " This is a huge taxpayer-funded buyout, and so far it hasn't been debated. Before this goes any further, people need to know what the taxpayers will be paying for. " Quote Link to comment Share on other sites More sharing options...
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